How to Graph the Marginal Benefit Curve
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- Опубликовано: 28 янв 2017
- This video shows how to graph the marginal benefit curve using a set of data points that show people's willingness to pay for one of the goods at different levels of consumption.
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Is there a way to find/calculate marginal benefit, or rather how is marginal benefit found when not it is not given?
The marginal benefit is the amount that the consumer is willing to pay to consume one additional unit of a good/service less the market price of that good/service. Great question!
Thank you!