Essay
According to the optimal output rule, if the marginal benefit is:
A.more than the marginal cost, an activity should be reduced.
B.less than the marginal cost, an activity should be reduced.
C.equal to the marginal cost, an activity should be reduced.
D.more than the marginal cost, net benefit is maximized.
Correct Answer:

Verified
less than the margin...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q53: Figure: The Optimal Quantity<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt="Figure:
Q54: George owns a gun range in Texas.He
Q55: In economic analysis, the principle of marginal
Q56: A person who is oversensitive to loss
Q57: According to the marginal decision rule, if
Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt=" (Table: Marginal Benefit
Q60: A decision maker who is irrational:<br>A.chooses an
Q61: When making decisions, it is important to
Q110: Marginal benefit:<br>A)is the subsidiary benefit from an
Q239: The _ is the amount by which