If the Marginal Benefit Received from a Good Is Greater

question 75

Multiple Choice

If the marginal benefit received from a good is greater than 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) 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:

Thumb

The first digit of the hand, providing a wide range of motion and enabling precise grip and manipulation of objects.

Retinaculum

Dense regular connective tissue sheath holding down the tendons at the wrist, ankle, or other sites.

Dorsal Interossei

Muscles located between the bones of the hand that act to abduct (spread apart) the fingers.

Abductor Pollicis Brevis

A muscle in the hand that abducts the thumb, helping in movements like gripping or holding objects.