Marginal Benefit Is the Benefit ________ One More Unit of the Good

question 43

Multiple Choice

Marginal benefit is the benefit ________ one more unit of the good and ________ of the good increases.

• A) of producing; increases as production
• B) of producing; decreases as production
• C) from consuming; increases as consumption
• D) from consuming; decreases as consumption

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Definitions:

Desired Balance

The targeted amount of money or level of assets an individual or organization aims to maintain.

Budgeted Receipts

Estimated amount of money expected to be received over a certain period, often used in financial planning.

Merchandising Firm

A business entity that purchases finished goods and sells them to consumers with or without additional processing or packaging.

Merchandise Inventory

Goods or products that a company holds with the intention of selling them to customers.