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The marginal benefit of an activity is the: a
The marginal benefit of an activity is the:
a. same as the total benefits of the activity.
b. total benefit divided by the level of the activity.
c. change in the activity divided by the change in benefits.
d. extra benefit associated with an extra unit of the activity.
e. little bot of benefit one gets from activities that are healthy but unpleasant.
Expert Solution
The marginal benefit of an activity is d. the extra benefit associated with an extra unit of the activity.
"Marginal" means "extra, additional, or incremental." In this example, consider the benefit of swimming an extra 10 laps. You would get more exercise and possible enjoyment out of spending more time in the pool or the lake. The cost might be that you would be late for class or lunch with a friend. You would have to weigh the costs vs. the benefits to decide which is the better choice.
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