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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 quantity is total benefit maximized?
When marginal benefit is less than marginal cost.
When total benefit exceeds total cost.
When marginal benefit is greater than marginal cost.
When marginal benefit equals marginal cost.
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AP Microeconomics - 1.5 Cost-Benefit Analysis
Key terms
Cost-Benefit Maximizing Principle
Total Benefit
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