Marginal Benefit Calculator
Marginal Benefit Calculator | ||
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Parameter | Description | Example Value |
Total Benefit Before | The total benefit received before the additional unit. | $100 |
Total Benefit After | The total benefit received after the additional unit. | $120 |
Change in Quantity | The increase in the quantity of the good consumed. | 1 unit |
Marginal Benefit | The additional benefit received from consuming one more unit. Formula: (Total Benefit After – Total Benefit Before) / Change in Quantity |
$20 |