An activity should be undertaken if the marginal benefit of the activity is greater than the marginal cost of the activity.

Question

Quizplus · Accepted Answer

According to economic principles, an activity is considered worth undertaking if the marginal benefit (the additional gain from the activity) exceeds the marginal cost (the additional cost incurred by the activity). This ensures that the activity results in a net positive outcome.

An Activity Should Be Undertaken If the Marginal Benefit of the Activity