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toni1234
Answered

What is the economic term that describes the increased benefit or satisfaction we will enjoy as a result of consuming one more of something?

Verified Answer :

the answer is marginal benefit

Tabbey

Answer: Marginal benefit

Explanation:

Marginal benefit is known as the benefit or fulfillment an individual enjoy or get from consuming or using an additional good (product) or service. Thus, the satisfaction derived by the individual from using the good diminishes as he or she use more of the good which is known as diminishing marginal utility.