The Optimal Level of Any Activity Is That Level for Which

question 69

Multiple Choice

The optimal level of any activity is that level for which

• A)total benefit exceeds total cost by the greatest amount.
• B)marginal benefit exceeds marginal cost by the greatest possible amount.
• C)both a and b
• D)none of the above

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Definitions:

Employees

Individuals hired by an organization to perform specific duties in exchange for compensation.

Visioning

The process of defining a future state or goal for an organization or group and creating a plan to achieve it.

Organizations

Groups or entities created to achieve specific goals, characterized by structured roles and coordination among its members.

Credited

Acknowledged or praised for one’s contributions or efforts towards a particular outcome or achievement.