Maximizing total benefits is equivalent to maximizing net benefits if and only if there are:
A)constant costs associated with achieving more benefits.
B)no costs associated with achieving more benefits.
C)increasing costs associated with achieving more benefits.
D)decreasing costs associated with achieving more benefits.

Question

Quizplus · Accepted Answer

If there are no costs associated with achieving more benefits, then maximizing total benefits would also be equivalent to maximizing net benefits. This is because there would be no trade-off between additional benefits and additional costs, and any increase in benefits would directly lead to an increase in net benefits.

Maximizing Total Benefits Is Equivalent to Maximizing Net Benefits If