Multiple Choice
If someone produced too little of a good, this would suggest that
A) rational choice cannot be applied to many economic decisions.
B) the good was produced past the point where its marginal cost exceeded its marginal benefit.
C) government should intervene to produce more of the good.
D) the good was produced to the point where its marginal benefit exceeded its marginal cost.
Correct Answer:

Verified
Correct Answer:
Verified
Q86: Ben says that "an increase in the
Q87: The economizing problem for individuals is a
Q88: (Last Word) The post hoc, ergo propter
Q89: Which of the following is a labor
Q90: Answer the question on the basis of
Q92: Economic analysis assumes "purposeful behavior," which means
Q93: Which question is an illustration of a
Q94: Unemployment<br>A) causes the production possibilities curve to
Q95: Consumers spend their incomes to get the
Q96: Which of the following is a normative