Glossary · Micro · Economic foundations

Marginal benefit (MB)

The extra satisfaction or revenue from one more unit of something. It usually falls as you have more, the third slice of pizza is worth less to you than the first.

Also called: MB

Taught in: Marginal Benefit vs Marginal Cost

Related terms

Marginal cost (MC)Marginal analysisMarginal utility (MU)

More from economic foundations

Accounting costCapitalCommand economyEconomic costEconomic profitEntrepreneurshipFactors of productionIncreasing opportunity cost

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