According to the Marginal Decision Rule, If Marginal Benefit

question 76

Multiple Choice

According to the marginal decision rule, if marginal benefit:

• A) exceeds marginal cost, an activity should be reduced.
• B) is less than marginal cost, an activity should be reduced.
• C) is equal to marginal cost, an activity should be reduced.
• D) exceeds marginal cost, net benefit is maximized.

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Definitions:

Ableism

Discrimination and social prejudice against people with disabilities, based on the belief that typical abilities are superior.

Fatalism

The belief that all events are predetermined and therefore inevitable, often leading to a sense of powerlessness.

First Nation

A term used in Canada to refer to indigenous peoples, specifically those that are not Inuit or Métis.

Hispanic

A term used to describe people, cultures, or countries historically linked to Spain, especially those countries or regions colonized by Spain in the Americas.