-According to this figure, for 6 through 8 units of Good X consumed, marginal benefit is:
A) less than marginal cost, and total benefit is less than total cost.
B) less than marginal cost, and total benefit is greater than total cost.
C) greater than marginal cost, and total benefit is less than total cost.
D) greater than marginal cost, and total benefit is greater than total cost.

Question

-According to this figure, for 6 through 8 units of Good X consumed, marginal benefit is:
A) less than marginal cost, and total benefit is less than total cost. 
B) less than marginal cost, and total benefit is greater than total cost. 
C) greater than marginal cost, and total benefit is less than total cost. 
D) greater than marginal cost, and total benefit is greater than total cost.

Quizplus · Accepted Answer

For 6 through 8 units of Good X consumed, the marginal benefit (the additional benefit received from consuming one more unit of the good) is less than the marginal cost (the additional cost incurred from consuming one more unit of the good). However, the total benefit (the cumulative benefit received from all units consumed) remains greater than the total cost (the cumulative cost incurred for all units consumed) up to this point, indicating that while the additional units are less efficient, the overall consumption still yields a net benefit.

-According to This Figure, for 6 Through 8 Units of Good