Suppose that the slope of a line tangent to the total cost curve at point X is equal to the slope of a line tangent to the total benefit curve at point X, then:
A. net benefit would be increased by reducing the amount of the activity.
B. net benefit would be decreased by reducing the amount of the activity.
C. net benefit would be increased by increasing the amount of the activity.
D. net benefit is maximized.
D. net benefit is maximized.
Economics
You might also like to view...
If the x-axis variable increases while the y-axis variable decreases, the variables x and y are negatively related
Indicate whether the statement is true or false
Economics
What is the significance of the concepts "consumer surplus" and "producer surplus"?
What will be an ideal response?
Economics