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:

Local Cultures

The distinctive practices, beliefs, and values of specific geographic communities, reflecting their historical and social contexts.

Global Cultures

Cultures that transcend local boundaries to create shared norms, values, and practices on a global scale.

Financescapes

A term from Arjun Appadurai's framework describing the global cultural flows, particularly the movement of money and financial services across borders.

Arjun Appadurai

A prominent contemporary social theorist known for his work on globalization, focusing on the cultural dynamics of globalization such as the flow of media, ideas, and finance.