Total Profit Is Maximized When Marginal Benefit _____ Marginal Cost

question 160

Multiple Choice

Total profit is maximized when marginal benefit _____ marginal cost.

• A)is more than
• B)is less than
• C)is equal to
• D)approaches

Recognize the role of political movements and their influence on fiscal policy.

Understand the concept of stereotypes and their accuracy.

Grasp the significance of salience in social perception and behavior.

Recognize the developmental aspects of racial awareness and prejudice in children.

---

Definitions:

Contextual Performance

The aspects of an individual’s behavior that contribute to the organizational or social aspects of the job, beyond the technical requirements.

Horns Error

A horns error occurs when the manager downgrades other aspects of an employee’s performance because of a single performance dimension.

Establishment Stage

The phase in a business or career development during which a foundation is built and stabilized, leading towards growth.

Horns Error

A bias in performance appraisals where a person is judged based on a single negative trait, impacting the overall assessment negatively.