Question
Choose the correct statements. 1. Themarginalbenefitfromagoodorserviceisthebenefitreceivedfromeveryunit consumed. 2. Wemeasurethemarginalbenefitfromagoodorservicebythemostthatpeoplearewillingtopayforan additionalunitofit. 3. Themarginalbenefitfromagoodorserviceisthebenefitreceivedfromconsumingonemoreunitofit. 4. Wemeasurethemarginalbenefitfromagoodorservicebythemostthatpeoplearewillingtopayforallthe A 1 and 3 correct B 1 and 4 correct C
Choose the correct statements.
1. Themarginalbenefitfromagoodorserviceisthebenefitreceivedfromeveryunit consumed.
2. Wemeasurethemarginalbenefitfromagoodorservicebythemostthatpeoplearewillingtopayforan additionalunitofit.
3. Themarginalbenefitfromagoodorserviceisthebenefitreceivedfromconsumingonemoreunitofit.
4. Wemeasurethemarginalbenefitfromagoodorservicebythemostthatpeoplearewillingtopayforallthe
A 1 and 3 correct
B 1 and 4 correct
C 2 and 3 correct
D 3 and 4 correct
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Essentials of Economics
Authors: N. Gregory Mankiw
8th edition
1337091995, 978-1337515351, 1337515353, 978-1337091992
