[Answer] What is the best definition of marginal benefit?

Answer: the possible income from producing an additional item

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What is the best definition of marginal benefit? What is the best definition of marginal benefit ? the possible income from producing an additional item. What is the best definition of marginal cost? the price of producing one additional unit of a good. in order to calculate marginal cost producers must compare the … Tue Dec 27 2016 · A marginal benefit is the maximum amount that a consumer can pay for additional quantity. Step-by-step explanati on: Marginal Be nefit or profit: We know that . Marginal benefit is the rate o f change of benef it . Benefit = Rev enue -cost. So m a rginal b enefit = marginal revenue - marginal … Definition : Marginal benefit is the advantage or enjoyment that is obtained by consuming one additional unit of a product. This benefit typically decreases as more units are consumed. What is the best definition of marginal benefit ? Marginal benefit : increase or decrease in an activity's overall benefit caused by a unit increase or decrease in the level of that activity all other factors remaining constant. What is the best definition of margina...

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