The optimal level of any activity is that level for which
A)total benefit exceeds total cost by the greatest amount.
B)marginal benefit exceeds marginal cost by the greatest possible amount.
C)both a and b
D)none of the above

Question

Quizplus · Accepted Answer

The optimal level of an activity is where the difference between total benefit and total cost is maximized, which aligns with choice A.

The Optimal Level of Any Activity Is That Level for Which