In order to maximize net benefit, consumers and firms evaluate each activity at the:
A) average.
B) top.
C) margin.
D) end.

Question

Quizplus · Accepted Answer

Evaluating activities at the margin means looking at the additional benefit or cost of doing a little more or a little less of the activity. This helps consumers and firms make decisions that maximize net benefit or profit. Therefore, C is the best choice. Option A (average) is not as useful for maximizing net benefit, as it doesn't consider the benefits and costs of small changes. Option B (top) and option D (end) are not specific enough and do not provide a clear method for evaluating activities.

In Order to Maximize Net Benefit, Consumers and Firms Evaluate