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A keynote speaker was known for his many speaking engagements, but now he has limited time and a rational mind. Even he would eventually start to turn down speaking engagement when, by his judgement Question 8 8 pts A keynote speaker was known for his many speaking engagements, but now he has limited time and a rational mi

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Answer #1

The marginal cost is greater than the marginal benefit of an speaking engagement .

Total benefit is maximized when Marginal revenue = Marginal cost .

So, when marginal cost > marginal benefit , the net benefit decreases . Thus , he will turn down speaking engagements .

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