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The phrase "decreasing marginal benefit" means that

Loraine

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The phrase "decreasing marginal benefit" means that

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: 7^th

Authors: Bade, Parkin

Read 250 times

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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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Smoooth

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My pleasure Happy Dummy

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