Marginal benefit from a good or service is the benefit received from consuming _______ .It is measured by the most that people are willing to pay for _______ .
A) one more unit of it; more of it
B) goods that you prefer; more of it
C) goods that you prefer; an additional unit of it
D) as much as is available; the total amount consumed
E) one more unit of it; an additional unit of it
Correct Answer:
Verified
Q64: The marginal benefit curve from a good
A)is
Q65: Use the figure below to answer the
Q66: Use the figure below to answer the
Q67: As consumption of a good increases,
A)the price
Q68: Use the table below to answer the
Q70: Use the figure below to answer the
Q71: Consider a PPF that measures the production
Q72: The Government of Canada promises to produce
Q73: When the market achieves allocative efficiency,
A)marginal benefit
Q74: The quantity of shoes produced is measured
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