Economists reason that the optimal decision is to continue any activity up to the point where the
A) marginal benefit equals the marginal cost.
B) marginal cost is zero.
C) marginal benefit is greater than the marginal cost.
D) marginal benefit is zero.
A
You might also like to view...
What is the national income identity for a closed economy?
What will be an ideal response?
Limits on the number of broadcast television stations or AM and FM radio stations one owner could own were eliminated by the Telecommunications Act of 1996
Indicate whether the statement is true or false
If the rich pay more in taxes than the poor, the tax system must be progressive
a. True b. False Indicate whether the statement is true or false
The more block prices a monopoly can set instead of setting a single price,
A) the smaller the deadweight loss. B) the more producer surplus. C) the larger the total welfare. D) All of the above.