Marginal benefit
A) increases as more of a good is consumed.
B) decreases as more of a good is consumed.
C) is the total benefit from all units consumed.
D) is constant as more of a good is consumed.
E) is the gain to the producer of producing and selling one more unit of a good.

Question

Quizplus · Accepted Answer

Marginal benefit is the additional benefit received from consuming one more unit of a good. As more of a good is consumed, the marginal benefit typically decreases because the consumer's needs and wants for that good become increasingly satisfied.

Marginal Benefit