The level of an economic activity should be increased to the point where
A) Marginal benefits equal to zero
B) Marginal costs of the investment are less than marginal benefits of the investment
C) Marginal benefits are greater than marginal costs
D) Marginal costs are equal to marginal benefits
Correct Answer:
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Q1: Total costs increase from $1500 to $1800
Q6: Total cost divided by the total number
Q7: The level of an economic activity should
Q8: A firm produces 500 units per week.It
Q9: ?If AVC=$15 and AFC=$10,then ATC=
A)$10
B)$5
C)$15
D)$25
Q10: According to the law of diminishing returns,
A)Some
Q11: Managers undertake an investment only if
A)Marginal benefits
Q16: Use the following to answer question
Q18: Total costs increase from $1,500 to $1,800
Q20: If a firm produces 10 units,TC=$100.When the
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