For the government to provide a product with tax revenue,what must be the case

Question

Quizplus · Accepted Answer

For the government to provide a product with tax revenue, the total benefit must exceed the total cost. This means that the value that the product provides to society must be greater than the cost of producing it. If the total cost exceeds the total benefit, then the government would be creating a net loss and wasting taxpayer money. Similarly, if the government cannot produce the product cheaper than the private market could, then there is no reason for the government to be involved in the production of the product. Marginal benefit and marginal cost considerations are also important, but in order for the government to provide a product with tax revenue, the total benefit must exceed the total cost.

For the Government to Provide a Product with Tax Revenue,what