Marginal benefit is defined as
A) the net gain from a particular level of an activity.
B) the additional benefit gained from the last unit of an activity.
C) the difference between total benefits and total costs of a particular level of an activity.
D) the difference between variable costs and fixed costs.

Question

Quizplus · Accepted Answer

Marginal benefit is the additional benefit gained from the last unit of an activity. It is the change in total benefit that results from a one-unit increase in the quantity of an activity.

Marginal Benefit Is Defined as