The Marginal Benefit of a Good or Service

question 31

Multiple Choice

The marginal benefit of a good or service

• A) increases as more is consumed.
• B) decreases as more is consumed
• C) remains constant as more is consumed.
• D) decreases as less is consumed.

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Definitions:

Operating Profit

The profit earned from a firm's core business operations, excluding deductions of interest and tax, also known as operating income or operational profit.

Unit-Priced Sales

Sales transactions where the price is based on a standard unit of measure, such as per item, per pound, or per liter.

Selling Music

The process of exchanging musical compositions or recordings for money or equivalent value.

Cost of Goods Sold

The explicit costs related to manufacturing goods that a company sells, including both materials and labor.