The Principle of Decreasing Marginal Benefit Means That as the Quantity

question 230

Multiple Choice

The principle of decreasing marginal benefit means that as the quantity of a good consumed

• A) decreases, its marginal benefit decreases.
• B) increases, its marginal benefit decreases.
• C) increases, its total benefit decreases.
• D) None of the above answers is correct.

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Definitions:

Unpredictable

The inability to be foreseen or predicted due to variability or randomness in behavior or events.

Specified

Clearly stated, described, or defined in detail.

Child-Rearing

Child-rearing encompasses the practices, strategies, and methods used by parents and caregivers to support and guide a child's development from infancy through adolescence.

Shaping

A method in behaviorism used to train a new behavior by successively reinforcing behaviors that approximate the desired behavior.