According to Benford's Law, the First Digit of Random Data

question 14

Multiple Choice

According to Benford's Law, the first digit of random data sets will most often begin with which number?

• A) 7
• B) 1
• C) 3
• D) 4

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Definitions:

Polluters

Entities, often companies or individuals, that release pollutants into the environment, causing harm or potential harm.

External Benefits

Benefits of a good or service that are enjoyed by people other than the ones who originally purchase or consume the good.

Marginal Social Cost

The complete expense incurred by society to produce an extra unit of a product, incorporating both individual costs and external effects.

Marginal Social Benefit

The additional benefit to society as a whole from producing one extra unit of a good or service.