Answer:
Equals the increase in total benefits from consuming the unit.
Explanation:
This is defined as a maximum amount a consumer is willing to pay for an additional good or service.
It is also the additional satisfaction or utility that consumer receives when the additional good or service is purchased. The marginal benefit for a consumer tends to decreases as consumption of the good or service increases.
In the business world, the marginal benefit for producers is often referred to as marginal revenue.
