Figure 10-19
-Refer to Figure 10-19. Which of the following decreases as the quantity of the good is increased?
A)the private cost of the good
B)the social cost of the good
C)the private value of the good
D)the external benefit of the good

Question

Figure 10-19 
-Refer to Figure 10-19. Which of the following decreases as the quantity of the good is increased?
A)the private cost of the good 
B)the social cost of the good 
C)the private value of the good 
D)the external benefit of the good

Quizplus · Accepted Answer

The private value of the good typically decreases as the quantity of the good is increased due to diminishing marginal utility.

Figure 10-19 -Refer to Figure 10-19. Which of the Following Decreases as Following