The Socially Efficient Scale Maximizes the Net Social Benefits from a Project

question 20

Multiple Choice

The socially efficient scale maximizes the net social benefits from a project because

• A) consumer preferences as revealed in market prices are maximized where MAC=MD.
• B) damages are minimized where MAC=MD.
• C) total abatement costs are less that total damage costs where MAC=MD.
• D) net social benefits are maximized where MAC = MD.

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Definitions:

Decomposition Reaction

A chemical reaction in which a compound breaks down into two or more simpler substances.

CaCO3

Calcium carbonate, a common substance found in rocks as the minerals calcite and aragonite and in the shells of marine organisms, eggs, and snails, used in building material and as a dietary supplement.

Reaction Rate

The speed at which reactants are converted into products in a chemical reaction.

Reaction Measurement

The process of quantifying the progress, rate, or yield of a chemical reaction using various methods like spectroscopy, calorimetry, or chromatography.