The _____ of a good or service is the additional benefit derived from producing one more unit of that good or service.

Question

Quizplus · Accepted Answer

Marginal benefit is the additional benefit derived from producing one more unit of a good or service. It is important in determining the optimal level of production, where marginal benefit equals marginal cost. Net benefit is the difference between total benefits and total costs, and utility is a measure of satisfaction derived from consuming a good or service. Marginal cost is the additional cost incurred from producing one more unit of a good or service.

The _____ of a Good or Service Is the Additional