3 years ago

What does Marginal Benefit mean

1 answer:

3 0

Answer:

A marginal benefit is a maximum amount a consumer is willing to pay for an additional good or service. ... The marginal benefit for a consumer tends to decrease as consumption of the good or service increases.

Explanation:

In the business world, the marginal benefit for producers is often referred to as marginal revenue.

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Explanation:

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