Ask Question
13 November, 02:31

To engage in economic reasoning, you must compare:

a. total cost and total benefit.

b. marginal cost, sunk cost, and total benefit.

c. sunk cost and marginal cost.

d. marginal cost and marginal benefit.

+4
Answers (1)
  1. 13 November, 02:46
    0
    d. marginal cost and marginal benefit.

    Explanation:

    Sunk cost isn't considered in economic reasoning.

    Marginal benefit is change in utility when consumption is increased.

    Marginal Cost is change in cost when production is increased.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “To engage in economic reasoning, you must compare: a. total cost and total benefit. b. marginal cost, sunk cost, and total benefit. c. sunk ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers