The extra benefit resulting from a small increase in an activity is called the
A) opportunity cost.
B) marginal benefit.
C) marginal cost.
D) diminishing returns of the activity.

Question

Quizplus · Accepted Answer

The extra benefit resulting from a small increase in an activity is called the marginal benefit. It represents the additional benefit gained from an incremental increase in an activity or input. Options A, C, and D are related concepts but do not directly answer the question asked.

The Extra Benefit Resulting from a Small Increase in an Activity