If an Activity Is Worth Pursuing at All,then It Should

question 56

Multiple Choice

If an activity is worth pursuing at all,then it should be pursued up to the point where

• A) total cost equals total benefit.
• B) average cost equals average benefit.
• C) marginal cost equals marginal benefit.
• D) sunk costs equal zero.

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Definitions:

Unionization

The process of organizing workers into a union, a group that collectively negotiates with employers for wages, hours, and other conditions of employment.

Finance

The administration of substantial sums of money, particularly by large corporations or government bodies.

Manufacturing

The process of producing goods using labor, machines, tools, and chemical or biological processing or formulation.

Mining

The process of extracting minerals, metals, and other geological materials from the earth, typically from an ore body, lode, vein, seam, or placer deposit.