Marginal benefit is the
A) amount of one good or service that a person gains when another good or service is consumed.
B) minimum amount a person is willing to pay for one more unit of a good or service.
C) benefit that a person receives from consuming one more unit of a good or service.
D) dollars sacrificed to purchase a good or service.
Correct Answer:
Verified
Q102: Which of the following describes comparative advantage?
A)Firm
Q103: Increasing opportunity cost occurs along a production
Q105: When a nation has a comparative advantage
Q107: A production possibilities frontier does NOT illustrate
A)the
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