The Second-Order Condition for Maximizing Net Benefits Is

question 120

Multiple Choice

The second-order condition for maximizing net benefits is:

• A) d²N/dQ² < 0.
• B) d(MB)/dQ < d(MC)/dQ.
• C) d²B/dQ² < d²C/dQ².
• D) All of the statements associated with this question are correct.

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