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9 July, 14:48

If marginal benefit is greater than marginal cost, output is inefficiently high.

a. True

b. False

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Answers (1)
  1. 9 July, 16:36
    0
    The answer is a.

    It is true that if marginal benefit is less than marginal cost, the output is inefficiently high. Marginal benefit is defined by what a person is ready to give up just having one more unit of a product or goods. On the other hand, marginal cost is defined as the value of what is given up in order to obtain that unit additionally.
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