As long as the marginal benefit of an activity exceeds the marginal cost, people are better off doing more of it; if the marginal cost exceeds the marginal benefit, they are better off doing less of it.
Standard detail
3.
Benchmark
Depth 1Parent ID: 9A4553A800AA42F6A8D768CB4A6A6D85Standard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 3.
- List ID
- 3.
- Standard ID
- 9E75D83C14544A4189CBD7A55A94BA60
- ASN identifier
- S2604669
- Subject
- Economics
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- 9A4553A800AA42F6A8D768CB4A6A6D85
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US