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:

Open Systems

Transform human and material resource inputs into finished goods and services.

Multiculturalism

A socio-political philosophy or ideology that promotes the inclusion and respect of diverse cultural backgrounds within a society.

Inclusion

The practice of ensuring that all individuals, regardless of their diverse backgrounds or abilities, are fully accepted and integrated into a group, organization, or activity.

Basic Functions

Encompasses the fundamental roles or activities that are essential for the operation and success of an organization, such as planning, organizing, leading, and controlling.