Marginal Benefit Is the Total Benefit to a Consumer from Consuming

question 83

True/False

Marginal benefit is the total benefit to a consumer from consuming one more unit of a good or service.

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Definitions:

Motivation

The internal drive or external incentive that stimulates an individual to act towards achieving a goal.

Capability

The ability or qualities necessary to do something effectively.

Opportunity

A set of circumstances that makes it possible to do something or achieve a specific outcome.

Change Its Technology

Refers to the process of adopting new technologies or modifying existing ones within an organization to improve efficiency or outcomes.