Choose the Statement or Statements That Are Correct

Multiple Choice

Choose the statement or statements that are correct. I.The value of one more unit of a good or service is its marginal benefit.
II.Marginal benefit equals the total amount we spend on a good or service.
III.Marginal benefit is the maximum amount willingly paid for another unit of a good or service.

A) I only
B) II only
C) I and III
D) III only
E) I,II,and III