The principle of decreasing marginal benefit means that as the quantity of a good consumed
A) decreases, its marginal benefit decreases.
B) increases, its marginal benefit decreases.
C) increases, its total benefit decreases.
D) None of the above answers is correct.
B
Economics
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Managers undertake an investment only if
a. Marginal revenue is greater than zero b. Marginal costs is less than marginal revenue c. Marginal revenue is greater than marginal costs d. Investment decisions do not depend on marginal analysis
Economics
Which of the following would tend to reduce overall health care expenses?
A. An increase in national income B. Higher technology in medical care C. A reduction in the incidence of third-party payers D. An increase in court awards of damages in malpractice lawsuits
Economics