If the Marginal Benefit Were Greater Than the Cost of a Good

question 85

Multiple Choice

If the marginal benefit were greater than the cost of a good:

• A) consumers could increase their utility by buying more.
• B) consumers could increase their utility by buying less.
• C) producers should decrease production.
• D) social net benefit would be maximized.

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Definitions:

Centralized

A system or organization where decision-making authority is concentrated at a single point or in a small group, often leading to a more uniform and controlled management structure.

Administrative Leadership

Focuses on managing operations, processes, and systems within an organization to ensure efficiency and effectiveness.

Alignment

The process of adjusting elements in a line or bringing them into a proper orientation or agreement.

Control

The set of mechanisms used to keep actions and outputs within predetermined limits.