The principle of decreasing marginal benefit explains why the marginal benefit curve
A) is upward sloping.
B) has an infinite slope.
C) is vertical.
D) is downward sloping.
E) is horizontal.

Question

Quizplus · Accepted Answer

The principle of decreasing marginal benefit states that as an individual consumes more of a good or service, the additional benefit derived from each unit of the good or service decreases. Therefore, the marginal benefit curve is downward sloping.

The Principle of Decreasing Marginal Benefit Explains Why the Marginal