The Marginal Benefit from a Good Is the Maximum Amount

question 328

Multiple Choice

The marginal benefit from a good is the maximum amount a person is willing to pay for

• A) one more unit of the good.
• B) all of the units of the good the person consumes divided by the number of units he or she purchases.
• C) one more unit of the good divided by the number of units purchased.
• D) all of the good the person consumes.

---

Definitions:

Premarital Pregnancy

A term referring to pregnancy that occurs before marriage.

Economic Well-Being

A condition that includes the financial security, quality of life, and ability of individuals or communities to meet their basic needs and enjoy a certain standard of living.

Emotional Health

The aspect of health that pertains to managing and understanding emotions, maintaining emotional equilibrium, and recognizing emotional responses.

Split Custody

The children are divided between the parents either by sex or the children’s choice.