If the Marginal Benefit Received from a Good Is Greater

question 189

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

---

Definitions:

Best Accommodate

To make the necessary adjustments or modifications to optimally serve or meet the needs of someone or something.

Carpeting

Floor covering made of thick woven fabric or synthetic fibers, used for its acoustic and comfort properties.

120 Square Foot

A measurement of area equivalent to a space that is 120 square feet in size, often used to describe the size of a small room.

Square Feet

A unit of area measurement equivalent to a square measuring one foot on each side.