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What is marginal benefit? Which curve is also referred to as a marginal benefit curve?

Tidy

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Posts: 4852

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8 years ago

What is marginal benefit? Which curve is also referred to as a marginal benefit curve?

What is marginal benefit? Which curve is also referred to as a marginal benefit curve?

Textbook

Essentials of Economics

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

Read 155 times

2 Replies

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Sydnie

wrote...

#1

8 years ago

Marginal benefit is the additional benefit to a consumer from consuming one more unit of a good. The demand curve is also referred to as a marginal benefit curve.

Sydnie

wrote...

#2

8 years ago

I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile

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