The Principle of Decreasing Marginal Benefit Implies That the

question 180

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

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Definitions:

Plurality System

An electoral system in which the candidate with the most votes in a single constituency wins, without needing a majority of the votes.

New Party Formation

The process by which a new political party is created, often in response to perceived inadequacies in existing parties or to represent specific ideologies or interests.

Winner-Take-All

A system in which the candidate who receives the most votes in an election wins everything, receiving all of a state's electoral votes or all seats up for election, with no prizes for second place.

Republican Party

A major political party in the United States that traditionally supports conservative policies, smaller government, and free-market principles.