Marginal Benefit from a Good or Service Is the Benefit

question 85

Multiple Choice

Marginal benefit from a good or service is the benefit received from consuming ________.It is measured by the most that people are willing to pay for ________.

• A)goods that you prefer;an additional unit of it
• B)goods that you prefer;more of it
• C)one more unit of it;an additional unit of it
• D)one more unit of it;more of it
• E)as much as is available;the total amount consumed

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Definitions:

Autonomic Nervous System

The part of the nervous system responsible for controlling involuntary body functions, like heart rate, digestion, and breathing.

Somatic Nervous System

A part of the peripheral nervous system that controls voluntary movements of the body and transmits sensory information to the central nervous system.

Sympathetic Nervous System

Part of the autonomic nervous system responsible for the body's 'fight or flight' response to stress.

Parasympathetic Nervous System

A branch of the autonomic nervous system responsible for conserving energy and bringing the body to a restful state.