Multiple Choice
Marginal benefit is the benefit
A) of consuming another good or service divided by the total number of goods or services produced.
B) of producing a good or service when the total benefit from the good or service exceeds its total cost.
C) that your activity provides to someone else.
D) that is received from consuming one more unit of a good or service.
Correct Answer:
Verified
Related Questions
Q201: We measure the marginal of a good
Q202: Marginal cost curves generally slope
A) upward because
Q203: The principle of increasing marginal cost implies
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