The _______ is the amount by which an additional unit of an activity increases its total benefit.
A) average benefit
B) net benefit
C) marginal benefit
D) top benefit

Question

Quizplus · Accepted Answer

Marginal benefit is the additional benefit received from the consumption or production of one more unit of a good or service. It is important to compare the marginal benefit to the marginal cost when making decisions about resource allocation.

The _______ Is the Amount by Which an Additional Unit