Asked by Anaisa Mayfield on May 03, 2024
Verified
Economic theory suggests that the optimal level of immigration in the United States
A) is zero.
B) occurs where the marginal benefit of the last immigrant equals or just exceeds the marginal cost of the last immigrant.
C) occurs where the marginal benefit of the last immigrant equals or just exceeds zero.
D) occurs at the level where the difference between the marginal benefit and marginal cost of the last immigrant is maximized.
Marginal Benefit
The additional benefit or satisfaction experienced when consuming another unit of a good or service.
Marginal Cost
The increase in cost that arises from producing one additional unit of a good or service.
- Evaluate the principles of economics and the influences on the ideal immigrant quantity, reflecting on the analyses of marginal benefits and marginal costs.
Verified Answer
MA
Mohsen AbuhayyahMay 10, 2024
Final Answer :
B
Explanation :
Economic theory posits that the optimal level of any activity, including immigration, is reached when the marginal benefit of the last unit (in this case, the last immigrant) equals or just exceeds the marginal cost associated with that unit. This principle ensures that the benefits of immigration are maximized while keeping the costs in check.
Learning Objectives
- Evaluate the principles of economics and the influences on the ideal immigrant quantity, reflecting on the analyses of marginal benefits and marginal costs.
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