If the marginal social benefit received from a good is less than the marginal opportunity cost of production:
A) an increase in production will improve society's well-being.
B) a decrease in production will improve society's well-being.
C) no change in production can improve society's well-being.
D) the market is producing too little of the good.

Question

Quizplus · Accepted Answer

The Answer of If the marginal social benefit received from a good is less than the marginal opportunity cost of production:
A) an increase in production will improve society's well-being.
B) a decrease in production will improve society's well-being.
C) no change in production can improve society's well-being.
D) the market is producing too little of the good.

If the Marginal Social Benefit Received from a Good Is