Marginal benefits received only by the individual decision maker are

Question

Quizplus · Accepted Answer

Private marginal benefits refer to the benefits received only by the individual decision maker, as opposed to social marginal benefits which also include benefits to society as a whole, and external benefits which are received by parties not involved in the decision making process. Therefore, private marginal benefits are the best choice to describe benefits received only by the individual.

Marginal Benefits Received Only by the Individual Decision Maker Are