In Economics, Maximization of the Total Net Benefit of an Activity

question 191

Essay

In economics, maximization of the total net benefit of an activity occurs when:
A.MB = MC.
B.MB > MC.
C.MB < MC.
D.MB approaches MC.

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Definitions:

While Loop

A control flow statement that allows code to be executed repeatedly based on a given Boolean condition.

Initial Expression

The starting point or condition often used in the initialization of a programming loop or construct.

For Loop

A For Loop is a control flow statement in programming that repeatedly executes a block of code a set number of times.

Update Expression

In programming, an expression within a loop that modifies the loop's controlling variable to progress towards the loop's termination condition.