The Figure Above Shows the Marginal Benefit of Additional Minutes

question 195

Multiple Choice

The figure above shows the marginal benefit of additional minutes in a cell-phone plan.The marginal cost is constant at $0.10 per minute.
-It is optimal to buy more cell-phone time as long as

• A) marginal benefit exceeds marginal cost.
• B) marginal cost exceeds marginal benefit.
• C) average benefit exceeds average cost.
• D) average cost exceeds average benefit.
• E) marginal benefit exceeds zero.

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Definitions:

Assertiveness

The quality of being self-assured and confident without being aggressive, crucial for effective communication and respecting one’s own rights while acknowledging those of others.

Functional Conflict

Conflict that supports the goals of the group, improves its performance, and is a healthy and constructive disagreement.

Cognitive Origin

Relates to the mental processes involved in the acquisition of knowledge, understanding, and perception.

Fixation

An obsessive focus or attachment to a person, concept, or object that inhibits growth or change.