The marginal benefit John gets from eating a fourth cheeseburger at a picnic is the total benefit John gets from eating four cheeseburgers minus the total benefit John gets from eating three cheeseburgers.
Marginal benefit is the most quantity a client can pay for one additional pinnacle or service. Marginal benefit usually decreases as intake will increase. The marginal rate of manufacturing is the alternate price for making one more genuine or incremental unit of the service.
The system used to determine marginal benefit is 'alternate in average cost/alternate-in amount. ' on the same time the system used to decide marginal advantage is 'exchange in overall benefit/change-in quantity.
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