The marginal benefit from an additional worker is
A)the additional benefit from hiring one more worker.
B)the total benefit from all workers hired.
C)always equal to the benefit from the first worker hired.
D)always equal to the cost of hiring the additional worker.

Question

Quizplus · Accepted Answer

The marginal benefit is the additional benefit from hiring one more worker. It is not the total benefit from all workers hired, nor is it always equal to the benefit from the first worker hired. It is also not always equal to the cost of hiring the additional worker. Therefore, the best answer is A.

The Marginal Benefit from an Additional Worker Is