How does the marginal benefit from a good change as the quantity produced of that good increases?

What will be an ideal response?

As the more of a good is consumed, the marginal benefit received from each unit is smaller than the marginal benefit received from the unit consumed immediately before it, and is larger than the marginal benefit from the unit consumed immediately after it. This set of results is known as the principle of decreasing marginal benefit and is often assumed by economists to be a common characteristic of an individual's preferences over most goods and services in the economy.

Economics

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In the foreign exchange market, a change in which of the following will result in a movement along the demand curve for U.S. dollars?

A) the exchange rate B) the U.S. interest rate C) the interest rate in the foreign country D) the expected future exchange rate

Economics

What are the four coreways that households save for retirement?

What will be an ideal response?

Economics