What is the change in the total benefit when one more unit is made?

Question

BlackTom AI · Accepted Answer

Let's begin by restating the scenario in clearer terms: we are asked about the change in total benefit when one additional unit is produced.

Option landscape: in this case, there are no provided answer choices to evaluate, so we will focus on the core concept that answers the question directly.

Key concept: the change in total benefit from producing one more unit is known as the marginal benefit. It is defined as the difference in total benefit between producing quantity q and quantity q+1, i.e., ΔTotal Benefit = Total Benefit(q+1) − Total Benefit(q). Thisio means we are looking at the incremental gain from that single additional unit.

Economic intuition: marginal benefit captures how much extra value or satisfaction consumers obtain from one more unit. If the next unit provides a lot of additional value, the marginal benefit is high; if it provides little value, the marginal benefit is low. In many models, the marginal benefit can decline as more units are produced, reflecting diminishing additional satisfaction.

Formal expression: marginal benefit equals the change in total benefit divided by the change in quantity, which, for a single extra unit, is simply the difference between Total Benefit at q+1 and at q.

Why this concept matters: identifying the marginal benefit helps in determining the optimal production level (where marginal benefit equals marginal cost) and explains why total benefit grows at a decreasing rate as more units are produced.

Note on missing options: since no alternative choices are listed, we can’t critique them individually, but the definition above directly answers the question by naming the correct concept that describes this exact change in total benefit.

SOC-ECONB Module 1 Pretest

What is the change in the total benefit when one more unit is made?

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