A marginal benefit curve
A) is the same as a demand curve.
B) is the same as a supply curve.
C) slopes upwards.
D) is a vertical line at the efficient quantity.
E) is U-shaped.

Question

Quizplus · Accepted Answer

A marginal benefit curve represents the additional benefit received from consuming one more unit of a good or service, which decreases as consumption increases. This is essentially what a demand curve shows, as it reflects the highest price consumers are willing to pay for each additional unit, indicating their marginal benefit.

A Marginal Benefit Curve