Asked by Manmeet Sanger on May 30, 2024
Verified
If at a given quantity _____,the decision maker should do _____ of the activity.
A) MB < MC;that amount
B) MB < MC;more
C) MB > MC;more
D) MB > MC;none
MB < MC
This indicates a scenario where the marginal benefit of producing or consuming one more unit of a good is less than the marginal cost of producing that additional unit.
Decision Maker
An individual or entity responsible for making choices that will impact outcomes in a business or personal context.
- Utilize the principles of marginal analysis in different situations to ascertain the best decisions.
Verified Answer
AB
Armslist BullyJun 01, 2024
Final Answer :
C
Explanation :
When the marginal benefit (MB) is greater than the marginal cost (MC), it indicates that the benefit of doing one more unit of the activity exceeds the cost, suggesting that doing more of the activity would be beneficial.
Learning Objectives
- Utilize the principles of marginal analysis in different situations to ascertain the best decisions.
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