Marginal Benefit Is the Benefit ________ One More Unit of the Good

question 43

Multiple Choice

Marginal benefit is the benefit ________ one more unit of the good and ________ of the good increases.

• A) of producing; increases as production
• B) of producing; decreases as production
• C) from consuming; increases as consumption
• D) from consuming; decreases as consumption

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Definitions:

Least Amount

The minimum quantity or degree attainable or required.

Survival of Society

Survival of society refers to the ability of a community or civilization to maintain its social structure, values, and functionality amidst various challenges and changes.

Low Rank Positions

Job titles or roles within an organization that are lower in hierarchy, often associated with fewer responsibilities and lower pay.

Kingsley Davis

A prominent American sociologist and demographer known for his work on human populations, family structure, and urbanization.