If the Marginal Benefit Received from a Good Is Equal

question 35

Multiple Choice

If the marginal benefit received from a good is equal to 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) the market is producing too much of the good.
• D) the market is producing an efficient quantity.

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Definitions:

Negative Reinforcers

In behavioral psychology, an unpleasant stimulus that, when removed after a behavior, increases the frequency of that behavior.

Removal from

The act of taking something or someone away from a particular place, condition, or association.

Administering Punishment

The act of imposing a penalty or discipline as a response to unacceptable behavior or actions.

Partially and Immediately

Refers to an action or process that is done to some extent but not completely, and without any delay.