The benefit of an extra dollar of consumption is called the:
A)marginal benefit of consumption.
B)average benefit of consumption.
C)average price of goods and services consumed.
D)real interest rate.

Question

Quizplus · Accepted Answer

The benefit of an extra unit of consumption is called the marginal benefit of consumption. This refers to the additional satisfaction or utility that a person derives from consuming an additional unit of a good or service.

The Benefit of an Extra Dollar of Consumption Is Called