Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

select the correct answer from the drop - down menu. people keep spendi…

Question

select the correct answer from the drop - down menu.
people keep spending additional units of a particular resource on a want until their marginal benefit is their marginal cost.
options: decreasing with, greater than, less than, not affected by

Explanation:

Brief Explanations

In economic decision - making, the concept of marginal analysis is crucial. People will continue to allocate additional units of a resource to a want as long as the marginal benefit (the additional benefit from one more unit) is greater than the marginal cost (the additional cost from one more unit). If the marginal benefit were less than the marginal cost, it would not be rational to continue spending that resource on that want. "Decreasing with" and "not affected by" do not fit the economic principle of marginal decision - making here.

Answer:

greater than