To calculate the ________ of an alternative, an individual needs to estimate ________ of the alternative
A) marginal benefit; total cost
B) marginal cost; total benefit
C) opportunity cost; total benefit
D) net benefit; both cost and benefit
D
Economics
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Refer to the graph below for an industry. If the industry were a pure monopoly, the product price would be:
A. lower than $8
B. $8
C. $14
D. $16
Economics
The concept of the margin decision deals with:
A) engaging in unethical activities. B) making difficult choices. C) making incremental choices. D) choosing all or none of something.
Economics