If the Marginal Benefit Received from a Good Is Equal

question 83

Multiple Choice

If the marginal benefit received from a good is equal to the marginal opportunity 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) society's well-being cannot be improved by changing production.
• D) the market is producing too much of the good.

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Definitions:

Morphemes

The smallest meaningful units of language, such as prefixes, roots, and suffixes.

Zero

A numerical figure representing nothing or the absence of quantity or value.

One

The numeral or figure representing a single unit or an indivisible entity.

Bilingual

Bilingual describes a person who can speak two languages fluently.