Medical care clearly enhances people's lives. Therefore, we should consume medical care until

Question

Quizplus · Accepted Answer

The statement suggests that people should consume medical care until the benefit they place on it is equal to its cost of production. This is the point at which the marginal benefit equals the marginal cost, and resources are being allocated efficiently. Consuming medical care beyond this point would lead to a situation where the cost of producing it outweighs the benefits it provides, which is not desirable. Therefore, option B is the best choice.

Medical Care Clearly Enhances People's Lives