The point at which the marginal cost of resource production meets the marginal benefit of resource use is called the ____.

Question

Quizplus · Accepted Answer

The point at which the marginal cost of resource production meets the marginal benefit of resource use is known as the optimum level of resource use. This is the point at which resources are being utilized efficiently, and any further resource use would result in diminishing returns. Therefore, option A is the best choice.

The Point at Which the Marginal Cost of Resource Production