If the marginal benefit of a good exceeds its marginal cost

A) we've achieved efficient resource use.
B) we should produce more to achieve the allocatively efficient use of resources.
C) we should produce less to achieve the allocatively efficient use of resources.
D) we cannot tell if more or less should be produced to achieve the allocatively efficient use of resources.

B

Economics

You might also like to view...

The Three Key Federal Reserve Entities

What will be an ideal response?

Economics

During the short run, a firm cannot

A) increase its use of labor. B) change its plant size. C) purchase more raw materials. D) change its variable costs.

Economics