Question

The marginal benefit of an activity is i. the benefit from a oneminusunit increase in the activity ii. the benefit of a​ small, unimportant activity. iii. measured by what the person is willing to give up to get one additional unit of the activity.

Answer 1

Answer:

The answer is i. the benefit from a one extra unit increase in the activity

Explanation:

Marginal approach gives a view from single unit perspective than from an entire production view point. This is mainly useful to consider whether the marginal benefit from producing more extra units exceed the marginal cost of those units.