The benefit of a one-unit increase in an activity
A) is called marginal cost.
B) is always greater than the opportunity cost of that activity.
C) decreases as you do more of it.
D) is measured by what you must give up.
E) is called "sunk benefit."

Question

Quizplus · Accepted Answer

The benefit of a one-unit increase in an activity is known as the marginal benefit, which typically decreases as more of the activity is done due to the law of diminishing marginal returns.

The Benefit of a One-Unit Increase in an Activity