3. The marginal benefit of a good or service is the additional benefit derived from producing one...

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3. The marginal benefit of a good or service is the additional benefit derived from producing one more unit of that good or service. The principle of marginal analysis says that the optimal amount of an activity is the level at which marginal benefit equals marginal cost.

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Essentials Of Economics

ISBN: 9781429218290

2nd Edition

Authors: Paul Krugman, Robin Wells, Kathryn Graddy

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