If the Marginal Benefit of Consuming Another Unit of a Good

question 111

Multiple Choice

If the marginal benefit of consuming another unit of a good is positive, then to reach the allocatively efficient level of output more of the good should be produced and consumed

• A) no matter what.
• B) as long as the consumer can afford to pay for it.
• C) if the total benefit of the good is greater than its total cost.
• D) if the marginal benefit of the good is greater than its marginal cost.

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Definitions:

Employee Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work.

Work Motivation

The drive or incentive that employees have to achieve their work-related goals or to perform their job responsibilities effectively.

Developmental Psychologist

A professional who studies the psychological growth and changes that occur throughout a person's life.

Mentally

Pertaining to the mind or psychological processes of cognition, emotion, and behavior.