Advanced Placement (AP) High School

n which situation would it be inefficient to produce any more goods or services?
A
the marginal cost exceeds the marginal benefit
B
the marginal benefit exceeds the marginal cost
C
the marginal benefit is equal to the marginal cost
D
the marginal cost is less than the marginal benefit

Answers

Answer 1

Answer:

A. The marginal cost exceeds the marginal benefit.

This is basically saying that it costs more than the benefit. It's more expensive than it benefits you. Therefore, you shouldn't produce any more of them, since it doesn't benefit you that well and costs a bit much.

Answer 2

The situation where it'll be inefficient to produce any more goods or services is A. the marginal cost exceeds the marginal benefit.

It should be noted that an efficient quantity of a product simply means the quantity that makes marginal benefit from the good to be equal to the marginal cost that is used in its production.

In a situation where the marginal benefit exceeds the marginal cost, there's efficiency in the production of the good. On the other hand, there's inefficiency when marginal cost exceeds the marginal benefit.

Learn more about marginal cost on:

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