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  3. which of the following statements about marginal b

Which of the following statements about marginal benefit are​ true? 1. The marginal benefit of aThe...

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Economics

Which of the following statements about marginal benefit are​ true? 1. The marginal benefit of aThe marginal benefit of a good or service is thegood or service is the benefit received from everybenefit received from every unit consumed.unit consumed. nothing 2. The marginal benefit ofThe marginal benefit of a good or service is thea good or service is the benefit received frombenefit received from consuming one more unitconsuming one more unit of it.of it. 3. We measure the marginalWe measure the marginal benefit of a good or servicebenefit of a good or service by the most that people areby the most that people are willing to pay for anwilling to pay for an additional unit of it.additional unit of it. 4. We measure the marginalWe measure the marginal benefit of a good or servicebenefit of a good or service by the least that people areby the least that people are willing to pay for anwilling to pay for an additional unit of it.additional unit of it.

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