Author Question: Sal likes to eat pizza. The ________ is the maximum amount that Sal is willing to pay for one more ... (Read 74 times)

plus1 · **on:** Jun 29, 2018

Sal likes to eat pizza. The ________ is the maximum amount that Sal is willing to pay for one more piece of pizza.

A) efficient price
B) efficient amount
C) marginal benefit
D) marginal cost

Question 2

All of the following statements about marginal benefit are correct EXCEPT the marginal benefit of a good

A) is the benefit a person receives from consuming one more unit of the good or service.
B) is measured as the maximum amount that a person is willing to pay for one more unit of the good.
C) is equal to zero when resource use is efficient.
D) decreases as the quantity consumed of the good increases.