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28 June, 00:06

Marginal benefit is the benefit that your activity provides to someone else.

a. True

b. False

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  1. 28 June, 00:28
    0
    Marginal benefit is the extra satisfaction or recieved when one consumes an addition unit of a good or a service. Therefore the amount a person or an individual is willing to pay so as to enjoy the additional unit of a good or a service is the person's marginal benefit. Therefore, marginal benefit is not the benefit a person's activity provides another person.
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