What is the term for the additional benefit received as a result of undertaking an action?
A) the marginal benefit
B) the marginal cost
C) the average benefit
D) the opportunity cost

Question

Quizplus · Accepted Answer

The term for the additional benefit received as a result of undertaking an action is called the marginal benefit. It refers to the extra benefit or utility that a person gets from consuming one more unit of a good or service.

What Is the Term for the Additional Benefit Received as a Result