Applying the Concept of Opportunity Cost to the Pollution of a Lake

question 76

Multiple Choice

Applying the concept of opportunity cost to the pollution of a lake, an economist probably would conclude that:

• A) all pollution in the lake should be eliminated regardless of cost.
• B) no pollution in the lake should be eliminated regardless of benefit.
• C) pollution should be eliminated as long as the benefit from a cleanup exceeds the opportunity cost.
• D) pollution should be eliminated as long as the opportunity cost of a cleanup exceeds the cost of the resources required for the cleanup.

---

Definitions:

Gun

A weapon incorporating a metal tube from which bullets, shells, or other projectiles are propelled by explosive force.

Immunity

Protection against legal action or from disease; in legal contexts, it often refers to exemption from prosecution.

Information

A formal accusation or complaint (without an indictment) issued in certain types of actions (usually criminal actions involving lesser crimes) by a law officer, such as a magistrate.

Prosecution

The legal process of holding someone responsible for a alleged crime, involving the government or state as the prosecuting body.