Marginal Benefit Refers to

question 74

Multiple Choice

Marginal benefit refers to

• A)the additional benefit resulting from a particular choice
• B)the extra benefit resulting from a particular choice minus the extra cost of that choice
• C)a very small benefit.
• D)a very large benefit.

---

Definitions:

Bar Charts

A graphical display of data using bars of different heights or lengths to represent various values.

Pie Charts

Graphical representations of data that divided a circle into sectors or slices to illustrate numerical proportion.

Qualitative Data

Data that describes qualities or characteristics that cannot be measured numerically.

Descriptive Statistics

Statistical methods that summarize and organize the characteristics of a set of data.