Marginal benefit is equal to the ________ benefit a consumer receives from consuming one more unit of a good or service.
A)total
B)unintended
C)additional
D)surplus

Question

Quizplus · Accepted Answer

Marginal benefit refers to the additional benefit that a consumer receives by consuming one more unit of a good or service. Therefore, the most appropriate choice is C, additional benefit. Total benefit (A) refers to the overall benefit derived from consuming all units of a good, unintended benefit (B) refers to a benefit that is not originally intended but is gained nonetheless, and surplus (D) refers to the difference between the price a consumer is willing to pay and the actual price charged for a good or service.

Marginal Benefit Is Equal to the ________ Benefit a Consumer