Marginal benefit is the benefit that a person receives from consuming
A) a good or service until the person has grown tired of it.
B) only goods and services that are free.
C) one more unit of a good or service.
D) all of the possible units of a good or service that can be consumed.
E) one more unit of a good and is equal to the cost of producing the unit of the good.
Correct Answer:
Verified
Q32: The Ironman Hawaii randomly draws a few
Q33: Which of the following situations describing a
Q34: If an economy is allocatively efficient,it must
Q35: Suppose Jennifer derives $100 in marginal benefits
Q36: When a society achieves allocative efficiency,it
A) is
Q38: The marginal benefit of the first hotdog
Q39: Marginal benefit is the
A) total benefit we
Q40: Allocative efficiency refers to
A) producing the goods
Q41: The marginal cost curve is
A) downward sloping
Q42: As more of a good is consumed,marginal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents