The marginal benefit Claire gets from purchasing a third pair of flip-flops is
A) the same as the total benefit of purchasing three pairs of flip-flops.
B) more than the marginal cost of purchasing the third pair of flip-flops.
C) the total benefit Claire gets from purchasing three pairs of flip-flops minus the total benefit she gets from purchasing two pairs of flip-flops.
D) the total benefit Claire gets from purchasing four pairs of flip-flops minus the total benefit she gets from purchasing three pairs of flip-flops.

Question

Quizplus · Accepted Answer

The marginal benefit Claire gets from purchasing a third pair of flip-flops is the additional benefit she will receive from purchasing the third pair of flip-flops. This is equal to the total benefit she gets from purchasing three pairs of flip-flops minus the total benefit she gets from purchasing two pairs of flip-flops. Therefore, option C is the correct answer.

The Marginal Benefit Claire Gets from Purchasing a Third Pair