The Marginal Benefit of Each Additional Unit of a Good

question 98

Multiple Choice

The marginal benefit of each additional unit of a good consumed

• A) increases as more is consumed.
• B) will maximise consumer surplus.
• C) is always equal to its marginal cost.
• D) is equal to the deadweight loss if the unit of the good is not produced.
• E) decreases as more is consumed.

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Definitions:

Temperature Doubles

Refers to the scenario where the temperature of a system or substance is increased to twice its initial value.

Volume

The volume of space taken up by an object or material.

Volume Increases

A physical change where the amount of space that a substance or object occupies becomes larger.

Temperature

A measure of the thermal energy of a substance, indicative of how hot or cold the substance is.