Economists Reason That the Optimal Decision Is to Continue Any

question 89

Multiple Choice

Economists reason that the optimal decision is to continue any activity up to the point where the

• A)marginal benefit is zero.
• B)marginal benefit is greater than the marginal cost.
• C)marginal cost is zero.
• D)marginal benefit equals the marginal cost.

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Definitions:

Aging Schedule

A report listing unpaid customer invoices and unused credit memos by date ranges, used to manage and monitor credit and collections.

Average Collection Period

The average number of days it takes for a business to receive payments owed by its clients.