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

a. True

b. False

Question

Simeon Norton

Business

28 June, 00:06

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

a. True

b. False

+4

Answers (1)

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Malia Hamilton · Answer 1

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.

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

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

a. True

b. False