Solved

According to the Optimal Output Rule, If the Marginal Benefit

Question 74

Essay

According to the optimal output rule, if the marginal benefit is:
A.more than the marginal cost, an activity should be reduced.
B.less than the marginal cost, an activity should be reduced.
C.equal to the marginal cost, an activity should be reduced.
D.more than the marginal cost, net benefit is maximized.

Correct Answer:

verifed

Verified

less than the margin...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents