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.

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter1: The Art And Science Of Economic Analysis

Section: Chapter Questions

Problem 2.2P

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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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