Economy, asked by luvbyt36, 12 hours ago

c. Is it possible to get so much of a good that it turns into a bad? If so, give an example​

Answers

Answered by dayamaharsh23
5

Answer:

Yes, it is possible to get so much of a good that it turns into a bad.

This becomes possible when good is provided at zero cost. In such scenario, we would be consuming the good until our marginal utility from consumption of additional unit falls to zero because then it would be equal to marginal cost. However, such consumption pattern of continuing consumption till marginal utility becomes zero give rise to irresponsible consumption habits and leads to wastage of resources thus turning the too much consumption into a bad.

i'm sorry couldn't find an example..but hope this gives you a fair idea!

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