The marginal benefit curve from a good
A)shows the benefit a firm receives from producing one more unit of that good.
B)shows the most a consumer is willing to pay for one more unit of that good.
C)is upward-sloping.
D)is bowed outward.
E)is vertical.

Question

Quizplus · Accepted Answer

The marginal benefit curve from a good shows the additional benefit a consumer receives from consuming one more unit of that good. Therefore, it reflects the maximum price that a consumer is willing to pay for that additional unit, making option B the correct answer.

The Marginal Benefit Curve from a Good