According to the marginal decision rule, if the marginal benefit of an additional unit of an activity exceeds the marginal cost, the quantity of the activity should be increased.
Correct Answer:
Verified
Q40: If external costs exist,the competitive free market:
A)allocates
Q133: Whenever a species is threatened with extinction,
Q179: A copper mining operation discharges waste products
Q181: The Case in Point on Protecting Wildlife
Q183: Property rights are a set of rules
Q185: According to the Case in Point on
Q186: An efficient allocation of resources is also
Q187: Utility is the difference between a firm's
Q188: A good for which no exclusive property
Q189: Use the following to answer question(s): Model
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents