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Suppose the total benefit of watching 1 baseball game is 100, the total benefit of watching 2 games is 120, and the total benefit of watching 3 games is 125. In this case, the marginal benefit of watching the 3rd game is:
Product Differentiation
The method of differentiating a product or service to appeal more to a specific target market.
Differentiation
The process of distinguishing a product or service from others to make it more attractive to a particular target market.
Economically Productive
Activities or processes that generate goods or services which have value and contribute to the economy.
Convey Information
The act of communicating or transmitting information from one entity to another.
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