Maximizing total benefits is equivalent to maximizing net benefits if and only if there are:
A) constant marginal costs associated with achieving more benefits.
B) no costs associated with achieving more benefits.
C) increasing costs associated with achieving more benefits.
D) decreasing costs associated with achieving more benefits.

Question

Quizplus · Accepted Answer

Maximizing total benefits is equivalent to maximizing net benefits only if there are no costs associated with achieving more benefits. In this scenario, the total benefits are not reduced by any costs, making the total benefits equal to the net benefits.

Maximizing Total Benefits Is Equivalent to Maximizing Net Benefits If