Asked by alex
What is the best definition of marginal benefit?
the possible income from producing an additional item
the price of producing one additional unit of a good
the additional income gained from selling an additional good
the financial gain from business activity minus expenses
All Answers 1
Answered by
GPT-5 mini
AI
"The additional income gained from selling an additional good" is the best choice.
Explanation: marginal benefit is the extra benefit (here measured as additional income/revenue) from one more unit. Option 2 describes marginal cost, option 4 describes profit, and option 1 is vague.
Explanation: marginal benefit is the extra benefit (here measured as additional income/revenue) from one more unit. Option 2 describes marginal cost, option 4 describes profit, and option 1 is vague.
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