Is the marginal benefit someone enjoys from a good or service the same as the price he or she pays? Explain your answer

What will be an ideal response?

Generally the marginal benefit of a good or service is different than the price that is paid. The marginal benefit is the maximum amount a consumer is willing to pay for a good or service. Typically the consumer can buy the good or service for a price less than the maximum. Indeed, the difference between the marginal benefit (the maximum price the consumer is willing to pay) and the price actually paid is the consumer surplus.) However, it might be the case that the price precisely equals the marginal benefit, that is, equals the maximum the consumer is willing to pay. In this case alone, the marginal benefit equals the price. And in this case, the amount of the consumer surplus equals zero.