Marginal Benefit

question 191

Multiple Choice

Marginal benefit

• A) is the same as the total benefit received from consuming a good.
• B) is the maximum amount a person is willing to pay for one more unit of a good.
• C) increases as consumption increases.
• D) is the difference between total benefit and total cost.

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Definitions:

Added Profit

The additional income earned from an investment, project, or business activity after accounting for all costs and expenses.

Optimal R&D

The most efficient allocation of resources towards research and development activities to maximize innovation and return on investment.

Expenditures

The act of spending money or utilizing resources for various purposes, including paying for goods, services, or obligations.

Expected-Rate-Of-Return

The forecasted percentage gain or loss that an investment is anticipated to generate over a specified period.