Answer:
b. the good was produced past the point where its marginal cost exceeded its marginal benefit.
Explanation:
When a person produces too much of a good it implies that cost was not well utilised.
In the production process marginal cost is the cost of extra unit of product.arginal benefit is the benefit derived from an extra unit of product.
When marginal cost exceeds marginal benefit, cost is not well utilised and it can be said too much of the good has been produced.
