In Making an "Either-Or" Decision

question 144

Multiple Choice

In making an "either-or" decision:

• A)choose the activity that results in the greater economic profit.
• B)choose the activity that results in the greater accounting profit.
• C)continue in an activity as long as the marginal cost is greater than the marginal benefit.
• D)continue in an activity as long as the marginal cost is less than the marginal benefit.

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Definitions:

Proposition

A comment that delivers an opinion or judgment.

Proposition

An articulation offering an evaluation or belief, capable of being correct or incorrect.

Quality

The standard of something as measured against other things of a similar kind; the degree of excellence of something.

Quantity

The amount or number of a material or immaterial thing not usually estimated by spatial measurement.