If the Marginal Cost of an Activity Exceeds the Marginal

question 476

Multiple Choice

If the marginal cost of an activity exceeds the marginal benefit, then

• A) the activity will occur because the high marginal cost means it must be highly valued.
• B) the forgone alternatives' costs must be increased.
• C) an alternative action will be selected.
• D) the person must concentrate on the activity's total benefits.

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Definitions:

Fallacy

An error in reasoning that renders an argument invalid, often due to irrelevant premises or faulty connections between ideas.

Syllogism

A form of reasoning in which a conclusion is drawn from two given or assumed premises, each of which shares a term with the conclusion.

Negative Premises

Statements within an argument that deny or negate a particular proposition or assumption.

Validity

The quality of being logically or factually sound; in logic, it refers to an argument where the conclusion logically follows from the premises.