The marginal private benefit is the:
A) extra benefit enjoyed by the buyer of one extra unit of a good or service.
B) addition to the satisfaction a buyer receives from the total quantity of a product consumed.
C) extra benefit that goes to bystanders for each additional unit of a good consumed by others.
D) total extra benefit society gains from the consumption of an extra unit of a good.
Correct Answer:
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Q40: (Figure: MSC and Supply Curves) Use the
Q41: (Figure: MSC and Supply Curves) Use the
Q42: (Figure: MSC and Supply Curves) Use the
Q43: (Figure: MSC and Supply Curves) Use the
Q44: The benefit enjoyed by a buyer as
Q46: An external benefit is:
A)a benefit enjoyed by
Q47: A marginal external benefit is the:
A)extra benefit
Q48: The extra external benefit accruing to bystanders
Q49: Marginal social benefit is the term for:
A)the
Q50: All marginal benefits, no matter who gets
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