21
QuizMultiple Choice

Profit — Quiz

Question 21 • Personal Finance and Economics

What is the best definition of marginal benefit?

Answer
A
the additional income gained from selling an additional good
B
the financial gain from business activity minus expenses
C
the price of producing one additional unit of a good
D
the possible income from producing an additional item

Explanation

Marginal benefit is the additional benefit or value gained from producing or consuming one more unit. Of these choices, the possible income from producing an additional item is the closest match. The price of producing one additional unit, choice C, describes marginal cost instead.

AI-written and checked against the verified answer.

Previous
Next