Marginal benefit is equal to the ________ benefit a consumer ...

[Marty]

Marginal benefit is equal to the ________ benefit a consumer receives from consuming one more unit of a good or service.
 
  A) additional B) unintended C) total D) surplus

Question 2

A firm that is producing the quantity at which marginal cost exceeds both average total cost and the market price will increase its economic profit by _______.
 
  A. producing a larger quantity
  B. raising the price to equal marginal cost
  C. producing a smaller quantity
  D. producing the quantity that minimizes average total cost

[jackie]

Answer to Question 1

A

Answer to Question 2

C The market price equals the firm's marginal revenue. When a firm's marginal cost exceeds its marginal revenue, the firm's profit increases if it decreases its production.

[Marty]

Thanks for the timely response, appreciate it

[raenoj]

Excellent