The marginal benefit Susie gets from purchasing a third pair of gloves is
A)the same as the total benefit she gets from purchasing three pairs of gloves.
B)more than the marginal cost of purchasing the third pair of gloves.
C)the total benefit she gets from purchasing three pairs of gloves minus the total benefit she gets from purchasing two pairs of gloves.
D)the total benefit she gets from purchasing four pairs of gloves minus the total benefit she gets from purchasing three pairs of gloves.

Question

Quizplus · Accepted Answer

The marginal benefit of an additional unit is the increase in total benefit from consuming one more unit, which is the difference between the total benefit of three pairs and two pairs.

The Marginal Benefit Susie Gets from Purchasing a Third Pair