The marginal benefit from a good is the amount a person is willing to pay for
A) all of the good the person consumes.
B) one more unit of the good.
C) all of the units of the good the person consumes divided by the number of units he or she purchases.
D) one more unit of the good divided by the number of units purchased.
Correct Answer:
Verified
Q156: Q157: Marginal cost Q158: Abe can catch 15 pounds of fish Q159: Moving along a bowed-out PPF between milk Q160: Marginal cost is the opportunity cost Q162: The principle of decreasing marginal benefit implies Q163: Marginal benefit curves slope _ and marginal Q164: Marginal benefit is the Q165: Marginal cost curves slope Q166: We measure the marginal _ of a
A) increases as more is produced.
B)
A) that
A) benefit that a
A) upward because of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents