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andreev551 [17]
2 years ago
15

In marginal analysis, when comparing costs and benefits, an optimal choice is found when ______.

SAT
1 answer:
Vlad1618 [11]2 years ago
8 0

Answer:

In marginal analysis, when comparing costs and benefits, an optimal choice is found when MB≥MC

Explanation:

As per marginal analysis, optimal decision-making involves taking actions when the marginal benefit exceeds the marginal cost. (i.e. MB>=MC)

Marginal cost can be defined as the change in the Total cost when producing an additional unit of output.

so the answer is (a) MB≥MC

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