"There Can Be Too Much of a Good Thing

question 76

Multiple Choice

"There can be too much of a good thing." This statement suggests that

• A)a good may be produced to the point where its marginal benefit is equal to its marginal cost.
• B)certain goods and services such as education and health care are inherently desirable and should be produced regardless of costs and benefits.
• C)a good may be produced to the point where its marginal benefit exceeds its marginal cost.
• D)choices made in self- interest cannot be applied to many economic decisions.
• E)a good may be produced to the point where its marginal cost exceeds its marginal benefit.