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:

Spiritual

Relating to or affecting the human spirit or soul as opposed to material or physical things; often concerns a sense of connection to something greater than oneself.

Ideas of the World

Refers to the various concepts, beliefs, and perspectives that people have about the world and its nature.

Idealism

A philosophical approach that posits reality or reality as experienced is fundamentally mental, mentally constructed, or otherwise immaterial.

Monads

In the philosophy of Leibniz, monads are simple substances that form the foundation of the universe, each being a unique, indecomposable, dynamic entity with its own internal properties but without spatial extension.