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Definition of Marginal benefit
1. Noun. The extra benefit received from a small increase in the consumption of a good or service. It is calculated as the increase in total benefit divided by the increase in consumption. ¹
¹ Source: wiktionary.com
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1. Noun. The extra benefit received from a small increase in the consumption of a good or service. It is calculated as the increase in total benefit divided by the increase in consumption. ¹
¹ Source: wiktionary.com