Marginal benefit is O A. a legally determined maximum price that selers may char
ID: 1127079 • Letter: M
Question
Marginal benefit is O A. a legally determined maximum price that selers may charge O B. the additional benefit from consuming one more unit between the highest price a consumer is willing to pay and the price the consumer actually pays 0 D. the additional cost of producing one more unit curve? O A. It shows the willingness of firms to supply a product at different prices O B. It shows the willingness of consumers to purchase a product at different prices O C. It shows the difference between the highest price a consumer is willing to pay and the marginal benefit of consumption O D. It shows the price consumers actually pay to consume a product O E. It shows the difference between the highest price a consumer is willing to pay and the lowest price a firm would be willing to acceptExplanation / Answer
Ans) b is the correct option. marginal benefit is the additional benefit from consuming one more unit. Marginal benefit is The amount by which an additional unit of an activity increases its total benefits.
Ans) b is the correct option. the demand curve referred to as a marginal benefit curve because it shows the willingness of consumers to purchase a product at different prices. The relationship between the price of a good and the quantity demanded by all buyers in the market is called market demand.