Which is a true statement about marginal benefit? O tis the difference (or change) in cost of a different choice. O To an individual, one good may have a larger marginal benefit than than another. O The amount of benefit a person receives from a good or service remains constant.

Which is a true statement about marginal benefit? O tis the difference (or change) in cost of a different choice. O To an individual, one good may have a larger marginal benefit than than another. O The amount of benefit a person receives from a good or service remains constant.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Which is a true statement about marginal benefit?
It is the difference (or change) in cost of a different choice.
To an individual, one good may have a larger marginal benefit than than
another.
The amount of benefit a person receives from a good or service remains
constant.

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