What is the marginal benefit of a slice of pizza?
A) the price of the slice of pizza
B) the total amount that a consumer is willing to pay for a whole pizza, divided by the number of slices
C) the maximum amount that a consumer is willing to pay for the slice
D) the difference between the value of the slice to the consumer and the price of the slice

Question

Quizplus · Accepted Answer

The marginal benefit of a slice of pizza is the maximum amount that a consumer is willing to pay for that slice, reflecting the value of the additional utility or satisfaction obtained from consuming one more slice.

What Is the Marginal Benefit of a Slice of Pizza