As more of a good is consumed,the marginal benefit of the good
A) increases.
B) decreases.
C) remains constant.
D) is unpredictable.
E) first decreases and then increases.

Question

Quizplus · Accepted Answer

The law of diminishing marginal utility states that as consumption of a good increases, the marginal benefit derived from each additional unit of the good decreases. Therefore, the correct answer is B, which indicates that the marginal benefit of the good decreases as more of the good is consumed.

As More of a Good Is Consumed,the Marginal Benefit of the Good