If the Marginal Benefit Received from a Good Is Greater

question 14

Multiple Choice

If the marginal benefit received from a good is greater than 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.