The marginal benefit of each additional unit of a good consumed
A) increases as more is consumed.
B) is always equal to its marginal cost.
C) decreases as more is consumed.
D) will maximize consumer surplus.
E) is equal to the deadweight loss if the unit of the good is not produced.
C
Economics
You might also like to view...
What do externalities cause markets to do?
a) benefit producers at the expense of consumers b) cause markets to operate more equitably c) fail to allocate resources efficiently d) cause price to be different than equilibrium price
Economics
All of the following will tend to increase the number of years until the oil stock is depleted except
A) falling oil prices. B) additional oil exploration. C) conservation measures. D) development of oil substitutes.
Economics