140k views
1 vote
Marginal benefit is the benefit that your activity provides to someone else.

a. True
b. False

User Trejder
by
6.9k points

1 Answer

3 votes
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.
User Nicholas Porter
by
6.8k points