Marginal Benefit Is the

question 149

Multiple Choice

Marginal benefit is the

• A) total benefit we receive from consuming a good or service.
• B) additional benefit we receive from consuming one more unit of a good or service.
• C) minimum amount of other goods or services we are willing to give up.
• D) opportunities given up to get one more unit of a good or service.
• E) the benefit we receive from consuming one more unit of a good or service minus the cost of the producing one more unit of the good or service.

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A point on a statistical distribution that represents a threshold beyond which a given effect is considered statistically significant.