The Optimal Number of Units to Produce Is Best Expressed

question 77

Multiple Choice

The optimal number of units to produce is best expressed when

• A)marginal benefit exceeds marginal cost.
• B)marginal cost exceeds marginal benefit.
• C)marginal benefit and marginal cost are close to equal.
• D)marginal benefit and marginal cost are equal to zero.

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Definitions:

Organism

Any living entity, from single-celled microbes to multicellular plants and animals, capable of reproduction and response to stimuli.

Blood Fluke

A type of parasitic worm, belonging to the schistosomiasis family, that infects the blood vessels of the intestinal tract or urinary tract in humans.

Beef Tapeworm

A parasitic flatworm, Taenia saginata, which infects humans through consumption of undercooked or raw beef.

Life Cycle

The series of stages through which a living organism passes, from its inception to the generation of new individuals.