Net benefit is maximized where:
A) total benefit equals total cost.
B) average benefit equals average cost.
C) total benefit exceeds total cost by the greatest amount.
D) marginal benefit exceeds marginal cost by the greatest amount.

Question

Quizplus · Accepted Answer

Net benefit is maximized when the total benefit exceeds the total cost by the greatest amount, as this indicates the optimal level of benefit received after accounting for costs.

Net Benefit Is Maximized Where