How To Calculate

Learn how to calculate anything
Menu
  • bmi
Home
rate
How to Calculate Marginal Benefit.
rate

How to Calculate Marginal Benefit.

Rosemary Njeri

A marginal benefit is a maximum amount a consumer is willing to pay for an additional good or service.

The goal of marginal benefit is to continue to make a profit even after a majority of consumers have already purchased the product.

Formula to calculate marginal benefit.

Calculate Marginal Benefit.

Example:

Suppose after consuming the first ice cream, you consume the second one and the benefit derived is 10 more than that of the first ice cream. Calculate the marginal benefit of the consumer.

Calculate Marginal Benefit.

Therefore, the marginal benefit of the first ice cream and the second one is 10.

Share
Tweet
Reddit
Pinterest
Email
Prev Article
Next Article

Related Articles

How to Convert Minutes to Hours.
In this article, we will define what an hour is …

How to Convert Minutes to Hours.

How To Calculate Loan Interest
When you take a loan from any financial institution, you …

How To Calculate Loan Interest

Leave a Reply Cancel Reply

Popular Posts

    Categories

    learntocalculate.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

    How To Calculate

    Learn how to calculate anything

    Pages

    • About Us
    • Contact Us
    • Privacy Policy
    Copyright © 2023 How To Calculate

    Ad Blocker Detected

    Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

    Refresh