What is the best definition of marginal benefit? the possible income from producing an additional item the price of producing one additional unit of a good the additional income gained from selling an additional good the financial gain from business activity minus expenses

The correct answer is A) the possible income from producing an additional item.

The best definition of marginal benefit is the possible income from producing an additional item.

Marginal benefit is formally defined by Accountants as the “incremental increase benefiting a consumer when an additional unit of a product is consumed.” Marginal benefit dimish when the consumer uses or purchases more if the same thing. At this moment, the marginal utility decreases. So consumers have a marginal benefit when the consume a product for the first time. If the consumer still consuming the same product another time, the marginal benefit diminish.  

The focus on the cost or benefit of the next unit or individual, for example, the expense of producing one more widget or the profit earned by adding one more worker, is referred to as marginal.

To know the best definition of Marginal benefit we need to go through the concept of Marginal Benefit.

When a consumer uses or purchases more of the same thing, the marginal benefit decreases.

At this time, the marginal utility is decreasing. As a result, when a consumer consumes a product for the first time, they receive a marginal advantage. If the user continues to use the same product, the marginal benefit decreases.

Thus the correct answer is Option A as it is the income from producing an additional unit.

For more information about marginal benefit refer to the link:

link

he impacted the society ith his knowwdge and advance our research by years to come

there are no mutiple choices here