Question

Marginal benefit is the

Answer 1

A marginal benefit is the maximum amount a consumer is willing to pay for an additional good or service.

Answer 2

Marginal benefit is the benefit received from maximum price you are willing to pay for it. Marginal benefit is the benefit received from. consuming one more unit of a good or service. Consumer surplus is the. value of a good minus the price paid for it summed over the quantity bought.