Economists Reason That the Optimal Decision Is to Continue Any

question 89

Multiple Choice

Economists reason that the optimal decision is to continue any activity up to the point where the

• A)marginal benefit is zero.
• B)marginal benefit is greater than the marginal cost.
• C)marginal cost is zero.
• D)marginal benefit equals the marginal cost.

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Definitions:

Skinner's Research

B.F. Skinner's research focused on operant conditioning, demonstrating how behavior is influenced by its consequences, leading to an increased or decreased likelihood of that behavior occurring in the future.

Conditional Analysis

A statistical technique used to explore the relationship between variables under certain conditions or assumptions.

Cognition Analysis

The examination and study of mental processes including perception, thinking, memory, and judgment.

Technical Analysis

A methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.