The satisfaction received from using one more unit of a good or service is called

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Business

Cecilia Whitehead

1 June, 17:21

The satisfaction received from using one more unit of a good or service is called

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Layton Bell · Answer 1

The satisfaction received from using one more unit of a good or service is called "marginal benefit ". Marginal benefit alludes to what individuals will surrender keeping in mind the end goal to get one more unit of a goods or services, while marginal cost alludes to the estimation of what is surrendered so as to deliver that extra unit. Extra units of a good ought to be created as long as minimal advantage is more than marginal cost.