When actions are finely divisible,the marginal benefit of action X is equal to:
A) the slope of a line that is tangent to the total benefit curve at X.
B) the slope of a line from the origin to a point on the total benefit curve at X.
C) the marginal cost of X.
D) the inverse of the slope of the total benefit curve at point X.

Question

Quizplus · Accepted Answer

When actions are finely divisible, the marginal benefit of action X is equal to the slope of a line that is tangent to the total benefit curve at X, according to the concept of calculus.

When Actions Are Finely Divisible,the Marginal Benefit of Action X