Increase the Level of an Activity If Its Marginal Benefit

question 102

Short Answer

Increase the level of an activity if its marginal benefit exceeds its marginal cost; reduce the level of an activity if its marginal cost exceeds its marginal benefit.This is known as the ________.

---

Definitions:

Taboo Subject

Topics that are forbidden or considered too sensitive to be discussed openly in society or certain cultures.

Gatekeeper

An individual or entity that controls access to resources, information, or communication channels, thus influencing the flow of information and participation.

Intervenes

The act of becoming involved in a situation to alter the outcome or to assist in resolving issues or conflicts.

Logs

Records of events, transactions, or observations kept systematically for the purpose of tracking or analyzing information.