Asked by
Chloe McCamey
on Oct 25, 2024
Verified
Anytime the marginal benefit of an activity is greater than zero,more activity should be undertaken.
Marginal Benefit
The additional satisfaction or utility gained from consuming or producing one extra unit of a good or service.
- Recognize the contribution and arithmetic of marginal costs and benefits in achieving optimal decision-making.
Verified Answer
RB
Learning Objectives
- Recognize the contribution and arithmetic of marginal costs and benefits in achieving optimal decision-making.
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