Multiple Choice
The marginal benefit of an activity is
i.the benefit from a one-unit increase in the activity.
ii.the benefit of a small,unimportant activity.
iii.measured by what the person is willing to give up to get one additional unit of the activity.
A) i only
B) ii only
C) iii only
D) i and iii
E) ii and iii
Correct Answer:
Verified
Correct Answer:
Verified
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