Question

Louis found out that the marginal cost of selling an additional computer gadget is more than the marginal benefit. His decision of making another gadget will make him _____ . better off

Answer 1

The answer to the question above is "experienced a loss condition" which the situation that Louis will face if he decided to make another gadget. The net income or loss is the difference between cost and benefit of a project or a business. A loss will occur if the cost is higher than the benefit in a business or a project.

Answer 2

Answer: better off

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