The additional benefit of increasing some activity is called the

Question

Quizplus · Accepted Answer

The concept of marginal analysis focuses on the additional benefit or cost of increasing or decreasing an activity by one unit. The additional benefit of increasing an activity is called the marginal benefit. Therefore, option A is the correct answer. Option B is incorrect because there is no such thing as a "marginal opportunity benefit." Option C is incorrect because the additional cost of increasing an activity is called the marginal cost or opportunity cost, not the marginal opportunity benefit. Option D is incorrect because there is no such thing as a "scarcity benefit"; in fact, scarcity is typically considered a disadvantage or constraint.

The Additional Benefit of Increasing Some Activity Is Called the