Marginal benefit from a good or service is the benefit received from consuming ________.It is measured by the most that people are willing to pay for ________.
A)goods that you prefer;an additional unit of it
B)goods that you prefer;more of it
C)one more unit of it;an additional unit of it
D)one more unit of it;more of it
E)as much as is available;the total amount consumed

Question

Quizplus · Accepted Answer

Marginal benefit refers to the additional satisfaction or utility that a person receives from consuming one more unit of a good or service. It is indeed measured by the maximum amount a consumer is willing to pay for an additional unit of that good or service.

Marginal Benefit from a Good or Service Is the Benefit