What is meant by diminishing marginal benefits? Are you likely to experience diminishing marginal benefits for goods that you like a lot? Are there exceptions to the general rule of diminishing marginal benefits? (Hint: think about batteries that you

would use in a flashlight that requires two batteries.) Explain your answer.

Diminishing marginal benefit from a good suggests that the willingness to pay for an additional unit declines as more is consumed. You are likely to experience diminishing marginal benefit even from goods that you like a lot, although you will probably consume more of those goods before diminishing marginal benefits sets in. The first ice cream is delicious. The second is still very tasty but not quite as good as the first. The third might make you sick to your stomach.
Yes, there could be exceptions to the rule of diminishing marginal returns. If a flashlight does not function without both batteries, you would experience increasing marginal benefits; the first battery is useless but the second makes the flashlight work.