A once-in-a-lifetime trip to Paris will give you marginal benefits that will be the same as total benefits.

Name: A once-in-a-lifetime trip to Paris will give you marginal benefits that will be the same as total benefits.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

The marginal benefit is the additional benefit gained from consuming one more unit of a good or service. The total benefit is the sum of all the marginal benefits. If the marginal benefit is the same as the total benefit, then the total benefit is maximized.

A Once-In-A-Lifetime Trip to Paris Will Give You Marginal Benefits