The Benefit from an Additional Unit of a Good or Service

question 120

Multiple Choice

The benefit from an additional unit of a good or service that the consumer of that good or service receives is the

• A) marginal private benefit.
• B) marginal external benefit.
• C) marginal social benefit.
• D) opportunity cost.

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Definitions:

Route Sheet

A document that outlines the sequence of operations, tools needed, and time required for each step in a manufacturing process, guiding the production of a specific part or assembly.

Wall Poster

A large printed picture, photograph, or notice intended to be hung on a wall as decor or advertisement.

Virtual Technology

A broad term that encompasses all virtual reality, augmented reality, and mixed reality technologies, enabling immersive digital experiences.

Work Order

An authoritative document issued by a business or organization directing or authorizing a specified task or job to be done.