Solved

If the Marginal Benefit Received from a Good Is Equal

Question 119

Multiple Choice

If the marginal benefit received from a good is equal to the marginal cost of production, then:


A) society's well-being can be improved if production increases.
B) society's well-being can be improved if production decreases.
C) the market is producing too much of the good.
D) the market is producing an efficient quantity.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions