Marginal benefit is the benefit
A) that your activity provides to someone else.
B) of producing a good or service when the total benefit from the good or service exceeds its total cost.
C) that is received from consuming one more unit of a good or service.
D) of consuming another good or service divided by the total number of goods or services produced.

Question

Quizplus · Accepted Answer

Marginal benefit refers to the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service. It is a concept used in economics to analyze consumer behavior and decision-making processes.

Marginal Benefit Is the Benefit