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13 March, 23:33

What is the difference between marginal values and average values?

a. marginal values show the benefit or cost from consuming one unit of a good, while average values are the benefit or cost from consuming all units of a good.

b. marginal values show the additional benefit or cost from consuming an additional unit of a good, while average values are the benefit or cost per unit of a good.

c. marginal values show the ordinal benefit or cost from consuming an additional unit of a good, while average values are the cardinal benefit or cost from consuming an additional unit of a good.

d. marginal values show the benefit from consuming an additional unit of a good, while average values are the cost from consuming an additional unit of a good.

e. marginal values show the total benefit or cost from consuming a good, while average values are the total benefit or cost from consuming a good divided by the amount of the good consumed?

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  1. 13 March, 23:45
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    What is the difference between marginal values and average values? Marginal values show the additional benefit or cost from consuming an additional unit of a good, while average values are the benefit or cost per unit of a good. When finding the marginal value a marginal analysis is conducted to figure out at what value a person will receive another benefit from making another purchase or consumption of a good or service.
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Home » Business » What is the difference between marginal values and average values? a. marginal values show the benefit or cost from consuming one unit of a good, while average values are the benefit or cost from consuming all units of a good. b.
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