In economics, maximization of the total net benefit of an activity occurs when:
A.MB = MC.
B.MB > MC.
C.MB < MC.
D.MB approaches MC.
Correct Answer:
Verified
Q46: If the marginal benefit received from a
Q64: Suppose Bob has a part-time business washing
Q97: At whatever quantity MB = MC, the
Q98: In economic analysis, the optimal quantity of
Q99: According to the marginal decision rule, if
Q101: To determine the quantity of any activity
Q102: Figure: Marginal Benefits and Marginal Costs
(Figure: Marginal
Q103: Figure: Marginal Benefits and Marginal Costs
Q104: (Table: Marginal and Total Benefit) Look at
Q105: 
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents