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OpenStudy (agentjamesbond007):
Please define what a marginal benefit is
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OpenStudy (anonymous):
The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service. A person’s marginal benefit is the maximum amount they are willing to pay to consume that additional unit of a good or service. In a normal situation, the marginal benefit will decrease as consumption increases. Read more: http://www.investopedia.com/terms/m/marginalbenefit.asp#ixzz1m8NU2czd
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