In marginal analysis, what is marginal benefit?
A. The total amount spent on goods
B. The income from selling a product
C. The extra satisfaction gained from one more unit of activity
D. The cost of starting a business
Asked by jezel2040
Answer (1)
The correct answer is letter C. Marginal benefit is how much more happiness or utility you get from doing something. For example, eating a second siomai has a marginal benefit if you’re still hungry.