What is declining marginal benefit?

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1263762

2026-03-14 22:45

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If you were to walk into a restaurant having not eaten all day, you would thus be very hungry. As a result, assuming you had to eat at this restaurant, you would be willing to pay more for a meal than if you had just eaten. Logically, the more full you become, the less you would be willing to pay for a meal. This is an example of declining marginal benefit.

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