The Principle of Decreasing Marginal Benefit Implies That the

question 115

Multiple Choice

The principle of decreasing marginal benefit implies that the

• A)additional benefit from obtaining one more unit of a good or service decreases as more of that good or service is consumed.
• B)additional benefit from obtaining one more unit of a good or service increases as more of that good or service 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.
• E)additional benefit from producing one more unit of a good or service decreases as more of that good or service is produced.

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Definitions:

Welded Tuff

A type of rock formed from volcanic ash that has been sufficiently heated to weld together.

Felsic Lava

Magma or lava that is rich in lighter elements such as silicon and oxygen, typically forming light-colored volcanic rocks.

Volcanic Domes

Steep-sided, rounded extrusions of viscous lava from a volcano, often resulting from the slow extrusion of silica-rich magma.

Pyroclastic Flows

Fast-moving currents of hot gas and volcanic matter (collectively known as tephra) that move away from a volcano during an explosive eruption.