Exam Question
“The marginal principle asserts that, in general, when net benefit is maximized”
- 1. total benefit will be equal to total cost
- 2. average benefit will be equal to average cost
- 3. marginal benefit will be equal to marginal cost
- 4. average cost will be above total cost but below average benefit
View Answer
Answer 3. marginal benefit will be equal to marginal cost
Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Managerial Economoics question set and give online exam quiz test for Managerial Economoics, so you can check your knowledge. You can get MCQ Study and Exam link from home page.