Economists Believe That Optimal Decisions Are Made Up to the Point

question 21

Multiple Choice

Economists believe that optimal decisions are made up to the point where

• A) marginal benefit is zero.
• B) marginal cost is zero.
• C) marginal benefits are greater than marginal costs.
• D) marginal costs are greater than marginal benefits.
• E) marginal benefits are equal to marginal costs.

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Definitions:

Full-Service Pet Grooming

Comprehensive grooming services for pets that include bathing, hair cutting, nail trimming, and often additional services like teeth cleaning or styling.

Variable Cost

A cost that changes in proportion to the level of activity or volume of output in production or business operations.

Delivery Cost

The expense incurred in transporting goods from one location to another, often considered in product pricing and logistics planning.

Sales Forecasts

Predictions of the sales that a company expects to achieve in a certain period, based on market research, trend analysis, and historical sales data.