Question

What is the best definition of marginal benefit? the possible income from producing an additional item the price of producing one additional unit of a good the additional income gained from selling an additional good the financial gain from business activity minus expenses

Answer 1

The correct answer is A) the possible income from producing an additional item.

The best definition of marginal benefit is the possible income from producing an additional item.

Marginal benefit is formally defined by Accountants as the “incremental increase benefiting a consumer when an additional unit of a product is consumed.” Marginal benefit dimish when the consumer uses or purchases more if the same thing. At this moment, the marginal utility decreases. So consumers have a marginal benefit when the consume a product for the first time. If the consumer still consuming the same product another time, the marginal benefit diminish.  

Answer 2

Answer:

The answer is: A. the possible income from producing an additional item