Multiple Choice
Which of the following statements is FALSE?
A) The value of one more unit of a good is the good's marginal benefit.
B) A good's marginal benefit is the maximum price people are willing to pay for another unit.
C) The maximum price people are willing to pay for one more unit of a good is its value.
D) None of the above because all the statements are true.
Correct Answer:
Verified
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