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Economics 101: Marginal Benefit | SterlingTerrell.net

Economics 101: Marginal Benefit

What is marginal benefit?

Marginal Benefit is the change in Total Benefit that one gets from doing something one more time.

It is a simple idea.

For instance:

There is a total benefit to reading.

But, what is the marginal benefit of reading?

The marginal benefit of reading is the additional benefit you get from reading one more book.