The Cost-Benefit Principle Indicates That an Action Should Be Taken

question 97

Multiple Choice

The cost-benefit principle indicates that an action should be taken

• A) if the total benefits exceed the total costs.
• B) if the extra benefits are positive.
• C) if the average benefits exceed the average costs.
• D) if the resulting economic surplus is zero.
• E) if the extra benefits are greater than the extra costs.

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Definitions:

Pre-defined Methods

Functions or procedures that are provided by programming languages or libraries to perform specific tasks.

Reference Itself

In programming, typically referring to an object's ability to reference itself using keywords like "this" in Java or "self" in Python.

Data Member

An attribute or field within a class in object-oriented programming that stores data specific to each object instance created from the class.