Marginal cost (MC) and marginal benefit (MB) are important considerations in economics as limited mean and unlimited wants are a basic characteristic of economic choice. Using the MC and MB curves on the chart provided, determine the condition being observed where the dotted line crosses the MB and MC curves? MC Price MB Environmental Protection Select the correct answer below: O At this point the benefit of continuing to spend is low as the MB of the spending is declining. Because the gap between marginal benefits and marginal costs in narrowing at this point, it is optimal to continue spending until optimization occurs. O At this point, MC has exceeded MB, which means spending is disproportionate to benefit and it should be reconsidered FEEDE Content attribution