📚 Learning Guide
Marginal Benefit Calculation
easy

What is the marginal benefit of consuming one additional slice of pizza if the first slice provided satisfaction rated at 10 utility and the second slice provided satisfaction rated at 6 utility?

Master this concept with our detailed explanation and step-by-step learning approach

Learning Path
Learning Path

Question & Answer
1
Understand Question
2
Review Options
3
Learn Explanation
4
Explore Topic

Choose the Best Answer

A

10

B

6

C

4

D

16

Understanding the Answer

Let's break down why this is correct

Answer

The marginal benefit of consuming one additional slice of pizza is the extra satisfaction you get from eating that slice. In this case, the first slice gave you 10 units of satisfaction, and the second slice gave you 6 units. To find the marginal benefit of the second slice, you look at the difference in satisfaction between the two slices, which is 6 utility from the second slice minus 10 utility from the first slice. However, since we are only interested in the benefit of the second slice, we can simply say that the marginal benefit of that slice is 6 utility. This means that while the first slice was more satisfying, the second slice still provided some enjoyment, but less than the first.

Detailed Explanation

The marginal benefit is the extra satisfaction from one more slice. Other options are incorrect because This answer suggests the first slice's satisfaction is the same for the second; This answer thinks the second slice's satisfaction is the total benefit.

Key Concepts

marginal benefit
Topic

Marginal Benefit Calculation

Difficulty

easy level question

Cognitive Level

understand

Ready to Master More Topics?

Join thousands of students using Seekh's interactive learning platform to excel in their studies with personalized practice and detailed explanations.