According to the Profit-Maximizing Principle of Marginal Analysis,if the Marginal

question 71

Multiple Choice

According to the profit-maximizing principle of marginal analysis,if the marginal benefit is _____ the marginal cost,_____.

• A)more than;an activity should be reduced
• B)less than;an activity should be reduced
• C)equal to;an activity should be reduced
• D)more than;net benefit is maximized

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Definitions:

Foresight

The ability to anticipate future events, needs, or problems and prepare for them.

Outcome

The result or effect of an action, situation, or event.

Curiosity

A strong desire to learn or know something, often leading to exploration and investigation.

Skepticism

An attitude of doubt towards something, often involving questioning the validity or authenticity of certain claims without sufficient evidence.