The total benefit of an activity minus its total cost is:
A) net benefit.
B) marginal benefit.
C) marginal cost.
D) utility.
Correct Answer:
Verified
Q5: Utility is the:
A)difference between a firm's total
Q8: Profit is the:
A) difference between a firm's
Q9: If the price of popcorn is $0.50
Q10: The difference between a firm's total revenue
Q11: If the price of popcorn is $0.50
Q14: Economists assume that firms seek to maximize:
A)
Q15: If the price of popcorn is $0.50
Q16: The satisfaction consumers derive from their consumption
Q18: If the price of popcorn is $0.50
Q45: The amount by which an additional unit
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