According to the Optimal Output Rule, If the Marginal Benefit

question 146

Essay

According to the optimal output rule, if the marginal benefit is:
A.more than the marginal cost, an activity should be reduced.
B.less than the marginal cost, an activity should be increased.
C.equal to the marginal cost, net benefit is maximized.
D.more than marginal cost, net benefit is maximized.

---

Definitions:

Real Property

Land and anything permanently attached to it, such as buildings and fixtures, legally recognized as immovable.

Consensual Lien

A security interest that is agreed upon by the debtor and creditor to secure payment or performance of an obligation.

Mechanic's Lien

A legal claim against a property by a worker or supplier who has not been paid for services provided.

State Statutes

Laws enacted by state legislatures that govern matters within the state's jurisdiction which are not covered by federal law.