Use marginal analysis to explain why it is possible to “have too much of a good thing.” Use education as an example

Please provide the best answer for the statement.

This explanation is based on an evaluation of the marginal costs and marginal benefit of providing a good or service. We may want more education for our society, but at some point the marginal cost of providing additional education is greater than the marginal benefit of the additional education. We would have to give up too many other things to obtain the additional education. For example, would it make sense to provide additional education resources for everyone so that they can earn a Ph. D. degree? The answer is no. In this case, the marginal cost of these additional educational resources (for example, lost labor time or inefficient use of people’s abilities) would not be worth the marginal benefit to society of having everyone earn a Ph. D. degree.