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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
The phrase "decreasing marginal benefit" means that
A) the more you consume of the product, the less total benefit you derive.
B) the marginal cost will be increasing as you consume more of a good.
C) each additional unit of a good you consume gives you less additional benefit than the previous unit.
D) Both answers A and B are correct.
E) Both answers A and C are correct.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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9 years ago
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9 years ago
My pleasure Happy Dummy
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