The marginal benefit from a good is the amount a person is willing to pay for
A) all of the good the person consumes.
B) one more unit of the good.
C) all of the units of the good the person consumes divided by the number of units he or she purchases.
D) one more unit of the good divided by the number of units purchased.
B
You might also like to view...
The cyclical deficit is the portion of the deficit
A) that would exist if the economy were at full employment. B) that does not add to the national debt. C) that is the result of nondiscretionary federal spending. D) created by fluctuations in real GDP. E) that is the result of discretionary federal spending.
The real purchasing power of the average worker's yearly earnings in the United States in 2014 was ________ as in 1929.
A. more than twice as large B. about the same C. five times as large D. about half as much