A marginal benefit curve shows
A) the efficient use of resources.
B) there are increasing opportunity costs.
C) the quantity of one good that people are willing to forgo to get another unit of another good.
D) the quantity of one good that must be forgone to get more of another good.

Question

Quizplus · Accepted Answer

A marginal benefit curve shows the additional benefit a person receives from consuming one more unit of a good or service. It shows the quantity of one good that people are willing to forgo to get another unit of another good, therefore, choice C is the best answer. Choices A and B are incorrect because a marginal benefit curve does not necessarily demonstrate efficient use of resources or increasing opportunity costs. Choice D is incorrect because it describes a marginal cost curve, not a marginal benefit curve.

A Marginal Benefit Curve Shows