Entrepreneurs' focus on profit encourages efficiency

A) at the expense of employees.
B) except in a market system.
C) when properly regulated by the government.
D) by encouraging the entrepreneur to use the MB = MC rule for every aspect of the business.

Question

Daphne Parker · Accepted Answer

Final Answer : D, Explanation :  The MB = MC rule, where MB stands for marginal benefit and MC stands for marginal cost, is a principle that encourages efficiency by guiding entrepreneurs to make decisions where the additional benefit of an action equals its additional cost. This principle promotes optimal resource allocation and efficiency in business operations.

Entrepreneurs' focus on profit encourages efficiency

A) at the expense of employees.
B) except in a market system.
C) when properly regulated by the government.
D) by encouraging the entrepreneur to use the MB = MC rule for every aspect of the business.

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Learning Objectives

Related questions

Entrepreneurs' focus on profit encourages efficiencyA) at the expense of employees.B) except in a market system.C) when properly regulated by the government.D) by encouraging the entrepreneur to use the MB = MC rule for every aspect of the business.

Definitions

Learning Objectives

Learning Objectives

Related questions

Entrepreneurs' focus on profit encourages efficiency

A) at the expense of employees.
B) except in a market system.
C) when properly regulated by the government.
D) by encouraging the entrepreneur to use the MB = MC rule for every aspect of the business.