Choose the statement or statements that are correct. I.The value of one more unit of a good or service is its marginal benefit.
II.Marginal benefit equals the total amount we spend on a good or service.
III.Marginal benefit is the maximum amount willingly paid for another unit of a good or service.
A)I only
B)II only
C)I and III
D)III only
E)I,II,and III

Question

Quizplus · Accepted Answer

The Answer is C

Choose the Statement or Statements That Are Correct