It is in society's best interest that the MC of the last unit produced of a good is equal to its MU.

Question

Quizplus · Accepted Answer

When the marginal cost (MC) of the last unit produced of a good equals its marginal utility (MU), it means that the resources are being allocated efficiently, and the price of the good reflects its true value in the market. This is beneficial for both producers and consumers, as it leads to an optimal allocation of resources and an overall increase in economic welfare.

It Is in Society's Best Interest That the MC of the Last