According to the Profit-Maximizing Principle of Marginal Analysis,if the Marginal

question 71

Multiple Choice

According to the profit-maximizing principle of marginal analysis,if the marginal benefit is _____ the marginal cost,_____.

• A)more than;an activity should be reduced
• B)less than;an activity should be reduced
• C)equal to;an activity should be reduced
• D)more than;net benefit is maximized

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Definitions:

Steel Plow

An agricultural tool made of steel, significant for its durability and efficacy in breaking tough soil, revolutionizing farming practices in the 19th century.

Segregated Pattern

A spatial arrangement where different groups are separated into different areas, often based on race, ethnicity, or socio-economic status.

Gender Lines

The distinctions or divisions made between genders, often referring to societal roles, behaviors, and expectations associated with being male or female.

Cooperative Pattern

A social arrangement or strategy where individuals or groups work jointly towards a common end.