marginal benefit definition in economics

marginal benefit definition in economics pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

In economics, marginal benefit refers to the additional benefit gained from consuming or producing one more unit of a good or service. Marginal cost, on the other hand, is the additional cost incurred by producing or consuming one more unit. When marginal benefit equals marginal cost, it indicates that the last unit produced or consumed is just worth the additional cost incurred, which is an important concept in making economic decisions.

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