The marginal benefit (in terms of extra donations) of the 2nd employee is b. $21,213.
Marginal utility is the maximum amount a consumer will pay for an additional good or service. In general, marginal utility decreases as consumption increases. The marginal cost of production is the change in cost of producing additional units of goods or services.
In economics, Marginal utility is the satisfaction or benefit obtained from the consumption of a product. The marginal utility of a good or service describes how much pleasure or satisfaction a consumer obtains by increasing or decreasing his consumption by one unit. There are three types of marginal utility.
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The marginal benefit (in terms of extra donations) of the 2nd employee is c: $12,426.
A marginal benefit is a most quantity a customer is inclined to pay for an extra desirable or provider. it's also the additional delight or application that a consumer gets while the additional correct or carrier is purchased.
The formula used to determine marginal price is 'exchange in general price/alternate in amount. ' while the components used to determine marginal benefit is 'exchange in overall benefit/alternate in quantity. '
Marginal benefit is the very best quantity that a buyer is inclined to pay for an additional unit of product.
Marginal benefit are the maximum quantity a client will pay for an additional desirable or service. A marginal benefit is likewise the extra pride that a patron receives when the extra precise or provider is bought. The marginal gain commonly decreases as consumption will increase.
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