I think the answer to this is C but I am also not sure. The additional benefit to a consumer from consuming one more unit of a good or service A) is equal to consumer surplus. B) is equal to the opportunity cost of consuming the good or service. C) is equal to marginal benefit. D) is equal to economic surplus.
I think the answer to this is C but I am also not sure. The additional benefit to a consumer from consuming one more unit of a good or service A) is equal to consumer surplus. B) is equal to the opportunity cost of consuming the good or service. C) is equal to marginal benefit. D) is equal to economic surplus.
Chapter7: Market Efficiency And Welfare
Section: Chapter Questions
Problem 1P
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I think the answer to this is C but I am also not sure.
The additional benefit to a consumer from consuming one more unit of a good or service
A) is equal to
B) is equal to the
C) is equal to marginal benefit.
D) is equal to economic surplus.
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