The extra satisfaction consumers gain from consuming one more unit of a good or service is known as:
A) Marginal cost
B) Marginal benefit
C) Beneficial margin
D) Gain margin

Name: The extra satisfaction consumers gain from consuming one more unit of a good or service is known as: A) Marginal cost B) Marginal benefit C) Beneficial margin D) Gain margin
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Question

Quizplus · Accepted Answer

Marginal benefit refers to the additional satisfaction or utility that a consumer receives from consuming one additional unit of a good or service.

The Extra Satisfaction Consumers Gain from Consuming One More Unit