84.8k views
3 votes
What is an individual marginal benefit curve?

A.A curve that shows the additional costs of producing one more unit of a good.
B.A curve that shows the benefit and costs of producing one additional unit of a good.
C.None of the answers are correct
D.A curve that shows the additional benefit a consumer receives by purchasing one additional unit of a good.

User Dbro
by
8.8k points

1 Answer

3 votes

Final answer:

An individual marginal benefit curve shows the additional benefit a consumer receives from purchasing one more unit of a good.

Step-by-step explanation:

An individual marginal benefit curve is a curve that shows the additional benefit a consumer receives by purchasing one additional unit of a good. It represents the change in satisfaction or utility gained from consuming one more unit of a good or service. As the consumer consumes more units, the marginal benefit decreases, indicating diminishing marginal utility.

User Ricardo Rivaldo
by
8.1k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories