The Cost-Benefit Principle indicates that an action should be taken if:
A) its total benefits exceed its total costs.
B) its average benefits exceed its average costs.
C) its net benefit (benefit minus cost) is zero.
D) its extra benefit is greater than or equal to its extra cost.
Correct Answer:
Verified
Q1: Economics is best defined as the study
Q2: An implication of scarcity is that:
A)people will
Q4: Janie must choose to either mow the
Q5: Economics is best defined as the study of:
A)the
Q6: Economists recognize that because people have limited
Q7: If all the world's resources were to
Q8: The Scarcity Principle tells us _, and
Q9: Choosing to study for an exam until
Q10: Suppose that the extra cost to Tim
Q11: A rational person:
A)makes choices based on total
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents