A change in the level of an economic activity is desirable and should be undertaken as long as the marginal benefits exceed the ____.

Question

Quizplus · Accepted Answer

The statement is referring to the concept of marginal analysis, which involves comparing the additional benefits gained from a decision against the additional costs incurred. As long as the marginal benefits exceed the marginal costs, it is economically efficient to undertake the activity. Therefore, the correct answer is choice letter C, marginal costs.

A Change in the Level of an Economic Activity Is