Marginal Benefit vs. Marginal Cost - Deepstash

Marginal Benefit vs. Marginal Cost

Marginal Benefit vs. Marginal Cost

Marginal Benefit vs. Marginal Cost

Marginal benefit and marginal cost are two measures of how the cost or value of a product changes.

  • The marginal benefit is a measurement from the consumer side. It is the maximum amount of money a consumer is willing to pay for an additional good or service.
  • The marginal cost is a measurement from the producer side. It is the change in cost when an additional unit of a good or service is produced.

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