Question

In terms of dollars, the marginal benefit of working five days a week instead of four days a week is A) the wages received for 4 days of work. B) the wages received for the fifth day of work. C) the wages received for 5 days of work. D) None of the above answers is correct.

Answer 1

Answer:

B) the wages received for the fifth day of work.

Explanation:

Marginal benefit is the increment in benefit generated by an increase by one unit of output. In this situation, the marginal benefit is given by difference in wage of working five days a week from the wage of working four days a week. Therefore, the marginal benefit is the wage received for the fifth day of work.

The answer is alternative B)