Marginal Benefit from a Good or Service Is the Benefit

question 87

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

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Definitions:

Classical Theorist

Refers to scholars from the classical period of sociology whose theories and ideas form the foundation of sociological thought, such as Karl Marx, Max Weber, and Emile Durkheim.

Oppressed Creature

An oppressed creature refers to an individual or group that experiences systematic injustices, limitations, and hardships imposed by dominant societal forces or governing bodies.

Opium

A narcotic drug extracted from the seed capsules of the poppy plant, used historically as a pain reliever and recreationally for its euphoric effects.

Profane

Elements of the everyday world that do not inspire or motivate.