Asked by
Sedic camar
on Nov 05, 2024
Verified
It is assumed that the marginal benefit of consumption
A) remains constant as more units of the good are consumed.
B) increases as more units of the good are consumed.
C) decreases as more units of the good are consumed.
D) could either increase or decrease as more units of the good are consumed.
Marginal Benefit
The incremental benefit or pleasure derived from consuming one more unit of a good or service.
- Discern the role of marginal analysis in determining the efficient level of production and consumption.
Verified Answer
DC
Learning Objectives
- Discern the role of marginal analysis in determining the efficient level of production and consumption.