According to the marginal decision rule, if marginal benefit:
A) exceeds marginal cost, an activity should be reduced.
B) is less than marginal cost, an activity should be increased.
C) is equal to marginal cost, net benefit is maximized.
D) exceeds marginal cost, net benefit is maximized.

Question

Quizplus · Accepted Answer

The marginal decision rule states that net benefit is maximized when marginal benefit equals marginal cost.

According to the Marginal Decision Rule, If Marginal Benefit