The benefit enjoyed by a buyer as a result of purchasing one additional unit of a good is the marginal _____ benefit.

Question

Quizplus · Accepted Answer

The marginal benefit enjoyed by a buyer is a personal benefit that they derive from consuming one additional unit of a good. This personal benefit is also known as the private benefit. External and social benefits refer to benefits that accrue to others outside the buyer, and are not relevant in this context.

The Benefit Enjoyed by a Buyer as a Result of Purchasing