Bridget drinks three sodas during a particular day. The marginal benefit she enjoys from drinking the third soda

Question

Quizplus · Accepted Answer

All the statements are correct. A) It is the concept of marginal analysis where the marginal benefit of an additional unit is the additional benefit received from consuming that unit. B) Marginal benefit is the maximum amount a person is willing to pay for an additional unit of a good or service. C) The marginal benefit provided by each additional unit will decrease as the quantity consumed increases. Hence, D) All of the above are correct.

Bridget Drinks Three Sodas During a Particular Day