According to the Cost-Benefit Principle,you Should Switch to Another Task

question 107

Multiple Choice

According to the cost-benefit principle,you should switch to another task or job when:

• A)the benefit from performing the new task is less than the benefit from continuing to perform the original task.
• B)the benefit from performing the new task just exceeds the opportunity cost of performing that new task.
• C)your productivity at the first task has diminished to the point at which the benefit from continuing with that task is zero.
• D)the opportunity cost of performing the original task is less than the benefit of performing the original task.

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Definitions:

Contagion

A phenomenon where an idea, attitude, or emotion spreads rapidly from person to person, similar to the spread of infectious diseases.

Crazes

Intense and widely shared enthusiasm for something, often a new and popular phenomenon, that appears suddenly and fades quickly.

Fads

Short-lived trends or crazes that become popular quickly and fade away with nearly the same speed.

Fashions

Refers to the prevailing styles and trends in clothing, accessories, or behavior within a society at a particular time.