According to the Marginal Principle, a Rational Individual Should Undertake

question 184

Multiple Choice

According to the marginal principle, a rational individual should undertake an economic activity as long as the:

• A) marginal benefit equals marginal cost.
• B) total benefit equals total cost.
• C) marginal benefit exceeds marginal cost.
• D) marginal benefit is less than marginal cost.

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Definitions:

Take Risks

The willingness or decision to engage in actions that have uncertain outcomes, potentially leading to loss or failure in pursuit of opportunities for success or improvement.