True or False, optimal decisions are made at the point where marginal cost equals zero.

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asked Aug 3, 2024 185k views

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Amritanshu · Answer 1 · 2024-08-08T09:15:59+0000

False

Optimal decision making occurs at a point where these two equalise. That is, marginal cost of decision is equal to marginal benefit of the decision. This does not happen when marginal cost is zero.

True or False, optimal decisions are made at the point where marginal cost equals zero.

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