True/False
The rule of equating marginal benefit with marginal cost is proper for economics, but it does not describe the way in which people make non-economic decisions.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q106: Once a firm has selected a price
Q107: Joe and Ed go to a diner
Q108: Average cost is the cost of producing
Q109: Ben quit his job as an economics
Q110: Accounting profit is usually larger than economic
Q112: Over the range of output, a firm's
Q113: An airline can profit by offering standby
Q114: Using marginal analysis, explain why many restaurants
Q115: Total profit equals<br>A)TR − TC.<br>B)average profit times
Q116: In the short run, which are most