Economists believe that optimal decisions are made up to the point where marginal benefit is zero. marginal cost is zero. marginal benefits are greater than marginal costs. marginal costs are greater than marginal benefits. marginal benefits are equal to marginal costs.

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tanhatanveer9443 tanhatanveer9443

08-04-2020
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Economists believe that optimal decisions are made up to the point where marginal benefit is zero. marginal cost is zero. marginal benefits are greater than marginal costs. marginal costs are greater than marginal benefits. marginal benefits are equal to marginal costs.

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ewomazinoade ewomazinoade · Answer 1 · 2020-04-10T02:32:35+02:00

Answer:

marginal benefits are equal to marginal costs.

Explanation:

Marginal benefit is the highest amount a consumer will pay for an additional unit of a product.

Marginal cost is the change in cost as a result of producing an extra unit of a product.

At the point where marginal benefit is equal to marginal cost, optimal decisions are made at this point because every economic agent (producers and consumers) are satisfied and there's no incentive to move away from this equilibrium.

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