The benefit from an additional unit of a good or service that the consumer of that good or service receives is the
A) marginal private benefit.
B) marginal external benefit.
C) marginal social benefit.
D) opportunity cost.

Question

Quizplus · Accepted Answer

Marginal private benefit refers to the benefit received by the consumer from consuming an additional unit of a good or service.

The Benefit from an Additional Unit of a Good or Service