The marginal benefit Colin gets from eating a fourth slice of pizza is
A) the total benefit Colin gets from eating four slices of pizza minus the total benefit Colin gets from eating three slices of pizza.
B) the same as the total benefit of eating four slices of pizza.
C) less than the marginal cost of eating the fourth slice of pizza since he chose to eat the fourth slice.
D) the total benefit Colin gets from eating five slices of pizza minus the total benefit Colin gets from eating four slices of pizza.

Question

Quizplus · Accepted Answer

The marginal benefit is the additional benefit received from consuming one more unit, which is the difference in total benefit between consuming four slices and three slices.

The Marginal Benefit Colin Gets from Eating a Fourth Slice