In Economics, the Optimal Level of Pollution Is

question 53

Multiple Choice

In economics, the optimal level of pollution is

• A)zero.
• B)the level for which the total benefit from reducing the pollution is the greatest.
• C)the level for which the marginal benefit from reducing the pollution is the greatest.
• D)the level for which the net benefit from reducing the pollution is the greatest.

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Definitions:

Yield Rate

The return on an investment, expressed as a percentage, accounting for the interest or dividends received from holding the investment.

Face Value

The nominal value or dollar value of a security stated by the issuer, typically referring to the value stated on a coin, banknote, stamp, or bond.

Straight-Line Method

A depreciation method that allocates an asset's cost evenly over its useful life.

Accrued Interest

Interest that has been incurred but not yet paid, typically reported as a liability on the balance sheet until it is paid out.