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

Question

Quizplus · Accepted Answer

The marginal external benefit is the benefit received by others who are not the direct consumers of the good or service.

The Benefit from an Additional Unit of a Good or Service