The marginal benefit from consuming another unit of a good

Exam Question

The marginal benefit from consuming another unit of a good

• 1. is always the same thing as the total benefit received from consuming that unit
• 2. is the difference between the incremental benefit received and the incremental cost incurred in consuming that unit
• 3. the additional benefit one gains from consuming that good
• 4. must always equal the marginal cost of consuming that good

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