In general,as the consumption of a good or service increases,the marginal benefit from consuming that good or service
A) increases.
B) decreases.
C) stays the same.
D) at first increases and then decreases.
E) at first decreases and then increases.

Question

Quizplus · Accepted Answer

The principle of diminishing marginal utility states that as a person consumes more of a good or service, the additional satisfaction (marginal benefit) gained from consuming an additional unit decreases.

In General,as the Consumption of a Good or Service Increases,the