According to the Marginal Principle,a Rational Individual Should Undertake an Economic

question 104

Multiple Choice

According to the marginal principle,a rational individual should undertake an economic activity as long as the

• A) marginal benefit exceeds marginal cost.
• B) marginal benefit is less than marginal cost.
• C) marginal benefit equals marginal cost.
• D) total benefit equals total cost.

Implement marketing strategies tailored to specific product features and competitive analysis.

Measure social media effectiveness through conversion rates.

Understand app monetization strategies.

Recognize primary motivations behind mobile app usage.

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Definitions:

Financial Institutions

are establishments that provide financial services to its clients or members, including banks, credit unions, insurance companies, and investment firms.

Reserve

Assets held back or saved for future use or to meet unforeseen needs, often referring to banks' reserves of cash.

Demand Deposits

Money in bank accounts that can be withdrawn "on demand" without any advance notice.

Junk Bonds

High-yield bonds that carry a higher risk of default compared to investment-grade bonds, typically issued by companies with lower credit ratings.