In Economic Analysis, the Optimal Quantity of an Activity Is

question 141

Essay

In economic analysis, the optimal quantity of an activity is the quantity at which:
A.marginal benefit exceeds marginal cost by the greatest amount.
B.total benefit exceeds total cost by the greatest amount.
C.marginal benefit equals marginal cost.
D.total benefit exceeds total cost by the greatest amount and marginal benefit equals marginal cost.

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Definitions:

Psychodynamic Theorists

Psychologists who emphasize the role of unconscious psychological processes and early life experiences in shaping personality and behavior.

Sociocultural Theorists

Researchers and theorists who study how societal and cultural factors influence human behavior and development.

Humanistic Theorists

Scholars and psychologists who focus on the individual’s capacity for self-actualization, emphasizing personal growth, free will, and innate goodness.

Cognitive-behavioral Theorists

Scholars and practitioners who focus on how cognitive processes (thoughts and beliefs) and behaviors interrelate, particularly in the context of therapy.