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

question 152

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 increased
• 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:

Basic Need

Fundamental requirements vital for sustaining human life, such as food, water, shelter, and safety.

Clothing

Articles of attire worn on the body, typically consisting of fabrics or textiles but can also include items like shoes and accessories.

Schooling

A structured process of education and training provided at various levels such as elementary, secondary, and higher education institutions.

Medical Care

The services delivered by healthcare professionals to maintain, improve, or manage health.