Marginal benefit equals the
A) benefit that a person receives from consuming another unit of a good.
B) additional efficiency from producing another unit of a good.
C) increase in profit from producing another unit of a good.
D) cost of producing another unit of a good.
E) total benefit from consuming all the units of the good or service.

Question

Quizplus · Accepted Answer

Marginal benefit is the additional benefit received from consuming one more unit of a good or service. It is not related to the cost of production or profit, but rather the satisfaction or utility gained by the consumer. Therefore, choice A is the correct answer.

Marginal Benefit Equals the