The additional benefit of increasing some activity by one unit is called the
A)opportunity cost.
B)total benefit.
C)unit cost/benefit.
D)scarcity.
E)marginal benefit.

Question

Quizplus · Accepted Answer

The additional benefit of increasing some activity by one unit is referred to as the marginal benefit. It is the benefit gained by consuming or producing one additional unit of a good or service.

The Additional Benefit of Increasing Some Activity by One Unit