23. Marginal primciple suggesta khat:A. a person will be better off is heishe continuesto inore ase the activitis until the marginalbenefit is equal to marrginal cost.B. Pnofit is maximumC. Only A is correctD. Bath A and B are correct

A study of the additional advantages of an activity in comparison to the additional expenditures…

Answered: 33. Marginal prunciple suggesta that :…

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter20: The Problem Of Adverse Selection Moral Hazard

Section: Chapter Questions

Problem 2MC

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33. Marginal prunciple suggesta that : A. a person will be better oft is helshe com timues to imore ase ther activitis until the marginal benefit ia egual to marginal cost. B. Pnofit is maximum C. Only A is corre ct