If the marginal benefit received from consuming a good is greater than the marginal cost of production:

A) society's well-being can be improved if production increases.
B) society's well-being can be improved if production decreases.
C) society's well-being cannot be improved by changing production.
D) the market is producing too much of the good.

Question

Natasha Govere · Accepted Answer

Final Answer : A, Explanation :  When the marginal benefit received is greater than the marginal cost of production, it means that society values the good more than it costs to produce it. This indicates that resources are being allocated efficiently and society's overall well-being can be improved by increasing production. This will allow more people to benefit from the good and increase overall happiness.

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