All of the Following Statements About Marginal Benefit Are Correct

question 174

Multiple Choice

All of the following statements about marginal benefit are correct EXCEPT the marginal benefit of a good

• A) is the benefit a person receives from consuming one more unit of the good or service.
• B) is measured as the maximum amount that a person is willing to pay for one more unit of the good.
• C) is equal to zero when resource use is efficient.
• D) decreases as the quantity consumed of the good increases.

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Definitions:

Zygote

The initial cell formed when a new organism is produced by the merging of an egg and sperm cell during fertilization.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

Heterozygous

A genetic condition where an individual has two different alleles of a gene.