Question

You decide to eat one more chip. The change in the total amount gained that comes from this action is the _____ .

Answer 1

The correct answer that would best complete the given statement above would be the second option: MARGINAL BENEFIT. You decide to eat one more chip. The change in the total amount gained that comes from this action is the marginal benefit.

Answer 2

The change in the amount gained that comes from this action is the marginal benefit. The marginal benefit is the additional satisfaction or utility that a person receives from consuming an additional unit of a good or service. The marginal benefit of a person is the maximum amount that he is willing to pay in order to consume that additional item of goods or services. It implies the gradual increase in consumer benefits caused by the consumption of an additional unit of goods or services.