According to the Marginal Decision Rule, If Marginal Benefit

question 76

Multiple Choice

According to the marginal decision rule, if marginal benefit:

• A) exceeds marginal cost, an activity should be reduced.
• B) is less than marginal cost, an activity should be reduced.
• C) is equal to marginal cost, an activity should be reduced.
• D) exceeds marginal cost, net benefit is maximized.

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Definitions:

Self-control Problems

Difficulties in regulating one’s behavior, emotions, or thoughts, often leading to impulsive actions.

Immediate Consequences

The instant results or outcomes that follow a specific action or decision.

Long-term Consequences

The enduring effects or outcomes that result from actions, conditions, or decisions over a prolonged period.

Behavior Therapies

Psychotherapeutic interventions aimed at changing maladaptive behaviors through techniques such as conditioning and reinforcement.