The benefit from an additional unit of a good or service that the consumer of that good or service receives is the
A) opportunity cost.
B) marginal private benefit.
C) marginal external benefit.
D) marginal social benefit.

Question

Quizplus · Accepted Answer

Marginal private benefit is the benefit that the consumer of a good or service receives from consuming an additional unit of that good or service. It reflects the value that the consumer places on that additional unit.

The Benefit from an Additional Unit of a Good or Service