If someone produced too much of a good, this would suggest that: a. rational choice cannot be applied to many economic decisions. b. the good was produced past the point where its marginal cost exceeded its marginal benefit. c. certain goods and services such as education and health care are inherently desirable and should be produced regardless of costs and benefits. d. the good was produced to the point where its marginal benefit exceeded its marginal cost.

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.