The marginal benefit of consuming an item is
A)the difference between what the consumer is willing to pay and the actual market price of the item.
B)the total benefit from buying several units of the item.
C)the additional benefit from buying one more unit of that item.
D)the additional number of consumers who buy a unit of an item.

Question

Quizplus · Accepted Answer

The marginal benefit of consuming an item refers to the additional benefit that a consumer gains from consuming one more unit of that item. Options A, B, and D do not accurately describe the concept of marginal benefit.

The Marginal Benefit of Consuming an Item Is