If an individual is carrying out an activity at the point where marginal benefit exceeds marginal cost by the greatest amount, we know that at that point:
A) marginal benefit is increasing.
B) net benefit exceeds zero by the greatest amount.
C) total benefit exceeds total cost by the greatest amount.
D) net benefit can be increased by increasing the amount of the activity.
Correct Answer:
Verified
Q48: An individual will maximize his or her
Q49: Net benefit is always increasing when:
A) total
Q50: When there is no cost for a
Q51: If using a good has no cost,
Q52: If marginal cost exceeds marginal benefit, we
Q54: Oscar's marginal benefit exceeds his marginal cost
Q55: Which of the following is NOT a
Q56: Net benefit is maximized where:
A) total benefit
Q57: Net benefit is maximized where:
A) total benefit
Q58: Which of the following statements is FALSE?
A)
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