Marginal benefit __ is the benefit received from consuming a good or service is measured by most people are willing to pay for an additional unit of a good is measured by how much it costs to produce a unit of the good increases as more of the good is consumed B Auth n epiornon cival unoxpewrikn

## Step 1<br />The term "marginal benefit" is a concept in economics that refers to the additional satisfaction or utility that a consumer receives from consuming one additional unit of a good or service. This concept is used to understand consumer behavior and how much consumers are willing to pay for an additional unit of a good or service.<br /><br />## Step 2<br />The marginal benefit is not measured by how much it costs to produce a unit of the good. This is a common misconception. The cost of production is a concern for producers, not consumers. The marginal benefit is about the consumer's satisfaction, not the producer's cost.<br /><br />## Step 3<br />The marginal benefit does not increase as more of the good is consumed. In fact, it often decreases as more of the good is consumed. This is known as the law of diminishing marginal utility.<br /><br />## Step 4<br />The marginal benefit is not measured by how much most people are willing to pay for an additional unit of a good. This is a common misconception. The marginal benefit is about the individual consumer's satisfaction, not the average of all consumers.