Question

Suppose the government provides peanut butter to everyone free of charge and everyone consumes it to the point at which he receives no additional satisfaction from another spoonful. Is this necessarily good

Answer 1

Answer:

No

Explanation:

This is not good because because resources are scarce and there might be some scenario where the resources that was used to make the peanut butter would have been more useful in the production of more of other products or goods. the point at which he receives no additional satisfaction from another spoonful iss the point of marginal utility