economics, please help

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01-09-2022
Business

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economics, please help

Sagot :

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Parrainidn Parrainidn · Answer 1 · 2022-09-02T10:47:18-04:00

Comparing your marginal cost to your marginal benefit in the decision-making process helps you find out b. the various options you must choose.

What is marginal benefit?

The marginal benefit that you receive from a product is the utility that you derive when you get an additional unit of the the product in question.

This benefit must always be greater than or equal to the marginal cost of getting that additional unit of the product. Therefore, when the marginal benefit and marginal cost is compared, it allows you to know which options you should choose.

Find out more on marginal benefit and cost at https://brainly.com/question/8136407

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What is marginal benefit?

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