The Principle That Individuals and Firms Pick the Activity Level

question 138

Multiple Choice

The principle that individuals and firms pick the activity level where the incremental benefit of that activity equals the incremental cost of that activity is known as the

• A) marginal principle.
• B) principle of opportunity cost.
• C) principle of diminishing returns.
• D) spillover principle.

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Definitions:

Sample Sizes

Refers to the number of participants or observations included in a study, critical for determining the study's statistical power and generalizability.

Chueng and Song

Likely references authors or researchers in a specific study within the context of the provided list, but without more information, it's too ambiguous to accurately define.

American Sample

A demographic or study group consisting only of individuals from the United States, which may impact the generalization of research findings.