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Marginal Analysis
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Marginal Analysis
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0. Basic Principles of Economics / Marginal Analysis / Problem 3
Problem 3
Which of the following best describes marginal benefit?
A
The total satisfaction from consuming all units of a good.
B
The additional satisfaction from consuming one more unit of a good.
C
The cost incurred from producing one more unit of a good.
D
The average satisfaction from consuming a good.
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