The Optimal Amount of Workplace Safety Is the Amount

question 64

Multiple Choice

The optimal amount of workplace safety is the amount

• A)that results in zero injuries.
• B)that results in a 50% reduction in injuries.
• C)at which the total benefits of safety equal the total costs of providing a safe environment.
• D)at which the marginal benefits of increased safety equal the marginal costs.

---

Definitions:

Total Utility

The overall satisfaction or value that a consumer derives from consuming a certain quantity of goods or services.

Units

In economics, a quantifiable measure used to express the quantity of goods or services.

Satisfaction

A measure of how goods and services supplied by a company meet or surpass customer expectation.

Pleasure

A state of feeling pleased or satisfied, often resulting from the fulfillment of a desire or need.