Marginal benefit equals the
A) benefit that a person receives from consuming another unit of a good.
B) additional efficiency from producing another unit of a good.
C) increase in profit from producing another unit of a good.
D) cost of producing another unit of a good.
E) total benefit from consuming all the units of the good or service.
A
Economics
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A middle-ground exchange rate regime, between fixed and floating, is NOT called:
a. a managed float. b. a dirty float. c. limited flexibility. d. a free float.
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Assuming all excess reserves are loaned out, if the reserve ratio is 1 percent, the money multiplier will be equal to
A) 1. B) 10. C) 11. D) 100.
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