The Extra Benefit on One More Unit of a Good

question 26

Multiple Choice

The extra benefit on one more unit of a good or service is its:

• A)marginal cost.
• B)marginal benefit.
• C)total benefit.
• D)total cost.

---

Definitions:

Learning Curve

A graphical representation that shows how learning or experience improves efficiency and reduces the time or cost to perform a task over time.

Learning Curve

A graphical representation showing how an increase in learning translates into improved performance over time.

Learning Curve

A graphical representation that shows how the ability to perform a task, usually measured by time or efficiency, improves over time with practice.

Logarithmic Approach

A mathematical method that uses logarithms to solve problems or model situations, often to simplify multiplicative processes into additive ones.