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The level of an economic activity should be increased to the point where the _____ is zero
The level of an economic activity should be increased to the point where the _____ is zero.
a) marginal cost.
b) average cost.
c) net marginal cost.
d) net marginal benefit.
Expert Solution
The correct answer is d) net marginal benefit.
The other choices are obviously incorrect and the net marginal benefit is the excess of marginal profit over marginal cost.
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