Essay
In economic analysis, the optimal quantity of an activity is the quantity at which:
A.marginal benefit exceeds marginal cost by the greatest amount.
B.total benefit exceeds total cost by the greatest amount.
C.marginal benefit equals marginal cost.
D.total benefit exceeds total cost by the greatest amount and marginal benefit equals marginal cost.
Correct Answer:

Verified
total benefit exceed...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
Q62: Tara notices that studying for one hour
Q137: The decision to give a birthday present
Q138: Businesses employ resources to use in the
Q140: Figure: The Marginal Benefit Curve<br>(Figure: Marginal Benefit
Q142: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt=" (Table:
Q143: If a star college quarterback turns down
Q144: Accountants use only costs in their computations
Q145: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt=" (Table: Marginal Cost
Q146: According to the optimal output rule, if
Q201: Sarah's accountant tells her that she made