The additional benefit received as a result of undertaking an action is:
A)the opportunity cost.
B)the marginal cost.
C)the marginal benefit.
D)the total benefit.

Question

The additional benefit received as a result of undertaking an action is:
A)​the opportunity cost.
B)​the marginal cost.
C)​the marginal benefit.
D)​the total benefit.

Quizplus · Accepted Answer

The additional benefit received as a result of undertaking an action is the marginal benefit. Marginal benefit is the additional benefit derived from consuming an additional unit of a good or service.

The Additional Benefit Received as a Result of Undertaking an Action