The following table shows the total benefit that Jenny derives from consuming different quantities of chocolate.

-Refer to the table above.What is the marginal benefit that Jenny derives from the second unit of chocolate?
A) $0
B) $8
C) $9
D) $18

Question

The following table shows the total benefit that Jenny derives from consuming different quantities of chocolate.
 
-Refer to the table above.What is the marginal benefit that Jenny derives from the second unit of chocolate?
A) $0 
B) $8 
C) $9 
D) $18

Quizplus · Accepted Answer

Marginal benefit refers to the additional satisfaction or utility that a person gains from consuming one more unit of a good or service. In this case, the marginal benefit Jenny derives from the second unit of chocolate would be the difference in her willingness to pay between the first and second units. If she is willing to pay $18 for the first unit and $10 for the second, the marginal benefit of the second unit is the difference in her willingness to pay between the first and second units, which is $8.

The Following Table Shows the Total Benefit That Jenny Derives