Marginal benefit is a. the additional cost of producing one more unit. b. the difference between the highest price a consumer is willing to pay and the price the consumer actually pays. c. a legally determined maximum price that sellers may charge. d. the additional benefit from consuming one more unit. your answer is correct. why is the demand curve referred to as a marginal benefit curve?

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.