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trasher [3.6K]
3 years ago
9

A company charges $5 for its product. This monetary amount represents the of making an extra unit of the product.

Social Studies
2 answers:
vitfil [10]3 years ago
7 0

It's actually marginal benefit.

Maksim231197 [3]3 years ago
7 0

In this case, that monetary amount represents the<em> marginal benefit</em>. This is defined as the amount of money someone is willing to pay to consume an extra unit of good or service. Usually it increases as a person consumes less and vice versa. We can understand this part by thinking that every time you use a product the value of the following one diminishes.

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