The term "marginal social benefit" means
A)Benefits that are just above the margin of being zero
B)The entire benefits obtainable from the activity
C)That part of the benefits covered by the costs of carrying on the activity
D)The change in total social benefits per unit change in the amount of the activity
E)The benefits of minimal quality goods and services

Question

Quizplus · Accepted Answer

Marginal social benefit refers to the change in the total social benefits resulting from a unit change in the amount of an activity. It is the additional benefit received from each additional unit of a good or service consumed or produced.

The Term "Marginal Social Benefit" Means