a good is more likely to be produced at home than in the market if Question 1 A

Question

a good is more likely to be produced at home than in the market if Question 1 A good is more likely to be produced at home than in the market if: O a. the average cost of household production is high o b. the marginal benefit from the good is lower than the marginal cost of production cit requires few specialized resources. o d. the marginal benefit from the good is higher than the marginal cost of production O e. the opportunity cost of household production is high. Moving to another question will save this response

Explanation / Answer

A good is more likely to be produced at home than in market when marginal benefit from its production are lower than its marginal cost.

OPTION B

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