The Principle of Decreasing Marginal Benefit Implies That the

question 118

Multiple Choice

The principle of decreasing marginal benefit implies that the

• A)additional benefit from obtaining one more of a good or service decreases as more is consumed.
• B)total benefit from obtaining more of a good or service decreases as more is consumed.
• C)total benefit from obtaining more of a good or service remains the same as more is consumed.
• D)additional benefit from obtaining one more of a good or service increases as more is consumed.

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Definitions:

Physical Inventories

The process of counting by hand all physical stock items in a company to verify records and reports.

Service Scheduling

The process of organizing, planning, and arranging service delivery times and resources to ensure efficient operation and customer satisfaction.