The Extra Benefit Resulting from a Small Increase in Some

question 46

Multiple Choice

The extra benefit resulting from a small increase in some activity is called the

• A) marginal cost.
• B) marginal benefit.
• C) marginal value.
• D) marginal equilibrium.

---

Definitions:

Real-time Adjustments

Adjustments or changes made instantly in response to events or conditions as they happen, without delay.

Deviations

Instances of divergence from a standard, norm, or expectation, which can occur in various contexts such as behavior, performance, or statistical analysis.

Project Participants

Individuals or groups who have a stake in the execution and outcome of a project, including but not limited to team members, stakeholders, and sponsors.

Stakeholders

Individuals or groups that have an interest in any decision or activity of an organization.