Net benefit can be maximized by finding the greatest difference between:
A) total benefit and total cost.
B) marginal benefit and marginal cost.
C) marginal benefit and total cost.
D) total benefit and marginal cost.

Question

Quizplus · Accepted Answer

Net benefit is maximized by finding the greatest difference between total benefit and total cost, as this measures the overall gain from an action after accounting for the costs incurred.

Net Benefit Can Be Maximized by Finding the Greatest Difference