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

Question

Quizplus · Accepted Answer

The statement "There can be too much of a good thing" implies that there is a point where producing more of a good results in a cost that exceeds the benefits. This is consistent with option B, where the marginal cost of producing the good eventually exceeds its marginal benefit. Options A, C, D, and E do not capture this idea as well.

"There Can Be Too Much of a Good Thing