Multiple Choice
Use the following to answer question(s) : Marginal Benefits and Marginal Costs
-(Exhibit: Marginal Benefits and Marginal Costs) In the exhibit, more time spent studying economics adds points to economics scores but subtracts points from accounting scores.At 4 hours of study the student will "maximize" because:
A) MB = MC.
B) MB = 20 and MC = 20.
C) the difference between total benefits and total costs is maximized.
D) of all of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q151: Profit is the difference between _ and
Q205: Use the following to answer question(s): Measuring
Q206: Explain the characteristics of and the differences
Q207: A normal market supply curve reflects:<br>A) private
Q209: If an economic activity results in external
Q211: Which of the following is a public
Q212: If the MB of an activity exceeds
Q213: A transferable property right is one that:<br>A)
Q214: Discuss and explain market failure, public goods,
Q215: Maximization of the net benefit of an