Question

The marginal benefit to society of reducing pollution declines with increases in pollution abatement because of the law of
increasing costs.
diminishing returns.
diminishing marginal utility.
conservation of matter and energy.

Answer 1

Answer:

diminishing marginal utility

Explanation:

According to diminishing marginal utility, the utility of consuming an extra unit increases until a point. After that, the utility tends to diminish from consuming an extra unit. The marginal benefit to society of reducing pollution declines due to diminishing marginal utility concept. The benefit of a decrease in pollution starts to decline after a certain period of time.