The Marginal Benefit from Consumption of a Good as Viewed

question 22

Multiple Choice

The marginal benefit from consumption of a good as viewed by a private individual is called marginal

• A)internal benefit.
• B)external benefit.
• C)social benefit.
• D)external cost.
• E)private benefit.

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Definitions:

House Prices

The prices at which individual houses are bought and sold in the real estate market.

Number Of Rooms

Typically refers to the count of rooms in a building or designated space, often used in real estate and accommodation descriptions.

Variation

The differences or changes in data or characteristics within a sample or population.

Increase

A rise in magnitude, quantity, or degree; an upward trend in a numerical value or variable.