Answer :
When evaluating how much to produce, increase the quantity produced if the marginal benefit of an additional item is Greater than or equal to the marginal cost of the additional item.
When the marginal benefit equals the cost, that stable level is brought up as an. optimal. The principle of decreasing marginal benefit states that as more of an honest is consumed, its marginal benefit decreases. The worth of 1 more unit of excellence is its marginal benefit; measured by the max amount consumers are willing to buy yet another unit.
Demand curve shows max consumers are willing to pay that the curve is that the same as a marginal benefit curve. The marginal benefit rule tells us that we will maximize the online good thing about any activity by choosing the amount at which marginal benefit equals incremental cost.
At this quantity, the web good thing about the activity is maximized. When a competitive market is in equilibrium, what's the economically efficient level of output? The output where cost is precisely adequate to marginal benefit.
Marginal benefits are the utmost amount a consumer can pay for an extra good or service. A marginal benefit is additionally the extra satisfaction that a consumer receives when the extra good or service is purchased. The marginal benefit generally decreases as consumption increases.
learn more about marginal benefit: https://brainly.com/question/2508491
#SPJ4
