Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

23. Marginal principle suggests that: A. a person will be better off it he / she continues to increase the activity until the marginal benefit

image text in transcribed
23. Marginal principle suggests that: A. a person will be better off it he / she continues to increase the activity until the marginal benefit is equal to marginal cost. B. Profit is maximum C . Only A is correct D. Both A and Bare correct

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Of The Environment An Economic Approach To Some Problems In Using Land, Water, And Air

Authors: Orris C Herfindahl, Allen V Kneese

1st Edition

1317386663, 9781317386667

More Books

Students also viewed these Economics questions