Which of the following is another way of saying "marginal benefits of an action"?
A) Benefits given up, once the action is taken
B) Unintended gains from taking the action
C) Benefits accruing to others, as a result of one's action
D) Extra benefits resulting from the action

Question

Quizplus · Accepted Answer

Marginal benefits refer to the extra benefits obtained from an action, and "extra benefits resulting from the action" is another way of expressing the same concept. Option A refers to opportunity costs or costs of foregone alternatives; option B refers to unintended consequences; option C refers to externalities or spillover effects.

Which of the Following Is Another Way of Saying "Marginal