The Marginal Principle Implies That an Individual Should Produce or Consume

question 6

Multiple Choice

The marginal principle implies that an individual should produce or consume where

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

---

Definitions:

Human Resources

The division within a company that focuses on the recruitment, management, and direction of people who work in the organization.

Service

The action of helping or doing work for someone, often referring to activities provided by companies to fulfill customer needs aside from tangible products.

Operations

Encompasses all the activities and processes involved in running a business effectively, focusing on producing goods and providing services efficiently.