The marginal benefit of a supply choice is measured in the opportunity cost of your time.

Question

Quizplus · Accepted Answer

The marginal benefit of a supply choice is typically measured in terms of the additional satisfaction or utility gained from consuming or using one more unit of a good or service, not in terms of the opportunity cost of time. Opportunity cost refers to the value of the next best alternative foregone as the result of making a decision.

The Marginal Benefit of a Supply Choice Is Measured in the Opportunity