If the marginal social cost of producing a good is less than the marginal social benefit, then more of the good should be produced.

Question

Quizplus · Accepted Answer

When the marginal social cost is less than the marginal social benefit, it indicates that the overall benefit to society from producing more of the good outweighs the cost, suggesting that increasing production would enhance social welfare.

If the Marginal Social Cost of Producing a Good Is