A Person Should Consume More of Something When Its Marginal

question 269

Multiple Choice

A person should consume more of something when its marginal

• A) benefit exceeds its marginal cost.
• B) cost exceeds its marginal benefit.
• C) cost equals its marginal benefit.
• D) benefit is still better.

---

Definitions:

Pattern of Labor

Refers to the distribution of work roles, responsibilities, and divisions within a society or an organization.

Equal Value

the principle that different people, items, or activities are of the same worth and deserve equitable treatment.

Division of Labor

The allocation of different tasks to different people or entities based on specialization, aiming to increase efficiency in production or services.

Cultural Evolution

The gradual development of society and culture over time, driven by adaptation, innovation, and transmission of knowledge and behaviors.