The marginal benefit from a good is the amount a person is willing to pay for
A)one more unit of the good.
B)one more unit of the good divided by the number of units purchased.
C)all of the units of the good the person consumes divided by the number of units he or she purchases.
D)all of the good the person consumes.

Question

Quizplus · Accepted Answer

The marginal benefit is the additional benefit received from consuming one more unit of a good, which is reflected in the maximum amount a person is willing to pay for that additional unit.

The Marginal Benefit from a Good Is the Amount a Person