Marginal benefit is the
A)total benefit from an activity.
B)additional benefit from a decrease in an activity.
C)additional benefit from an increase in an activity.
D)opportunity cost of a decrease in an activity.
E)opportunity cost of an increase in an activity.

Question

Quizplus · Accepted Answer

Marginal benefit refers to the additional benefit gained from one unit increase in the activity. Therefore, choice C, which represents the additional benefit from an increase in an activity, is the best option. A represents total benefit, which is not the same as marginal benefit. B, D, and E all refer to opportunity cost, which is not the same as marginal benefit.

Marginal Benefit Is the