We measure the marginal ________ of a good by what a ________ for another unit of the good.
A) benefit; person must pay
B) cost; person is willing to pay
C) benefit; person is willing to pay
D) cost; person's preferences are

Question

Quizplus · Accepted Answer

The marginal benefit of a good is measured by what a person is willing to pay for another unit of the good, reflecting the additional satisfaction or utility gained from consuming one more unit.

We Measure the Marginal ________ of a Good by What