hayliecain hayliecain
  • 16-12-2020
  • Business
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how do economists define marginal benefit for an individual

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littleliax0618
littleliax0618 littleliax0618
  • 27-12-2020

Answer:

Marginal benefit and marginal cost are two measures of how the cost or value of a product changes. ... A marginal benefit is the maximum amount of money a consumer is willing to pay for an additional good or service. The consumer's satisfaction tends to decrease as consumption increases.

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