According to the Marginal Decision Rule, If Marginal Benefit

question 17

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 increased.
• C) is equal to marginal cost, net benefit is maximized.
• D) exceeds marginal cost, net benefit is maximized.

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Definitions:

School-Age Children

Refers to children typically between the ages of 5 and 18 who attend kindergarten through high school.

Lots of Friends

Having a wide circle of acquaintances or companions with whom one shares a bond of mutual affection.

Preschoolers

Children who are in the age group typically ranging from 3 to 5 years old, just before they enter formal schooling.

Blended Families

Family units formed by the merging of two previously separate families into one, often involving parents with children from previous relationships.