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AP Microeconomics
Unit 1 – Basic Economic Concepts
Topic 1.5
Unit 1 – Basic Economic Concepts
1.5 Cost-Benefit Analysis
mixed difficulty
According to the cost-benefit maximizing principle, at which point is total benefit maximized?
Where marginal benefit (MB) is less than marginal cost (MC).
Where marginal benefit (MB) is greater than marginal cost (MC).
Where marginal benefit (MB) equals marginal cost (MC).
Where total benefit exceeds total cost.
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AP Microeconomics - 1.5 Cost-Benefit Analysis
Key terms
Cost-Benefit Maximizing Principle
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