According to the Criteria of Cost-Effectiveness, an Abatement Standard Is

question 13

Multiple Choice

According to the criteria of cost-effectiveness, an abatement standard is set optimally if

• A) that standard is benefit-based
• B) it is set where the MSB of abatement is equal to Σ(MAC_mkt + MCE).
• C) the standard is reached at minimum cost
• D) it is set at the point where MSB of abatement equals zero
• E) it is set at the point where MSC of abatement equals zero

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Definitions:

Hawthorne Effect

The phenomenon of working harder and producing more as a result of participating in something new and special even when the innovations have no corrective merit.

Skinner Effect

Refers to the phenomenon identified by B.F. Skinner where the rate of a specific behavior is increased or decreased through reinforcement or punishment.

Vocational Effect

The impact or outcomes of vocational education and training on an individual's career paths, employability, and job performance.

Interrelated Effect

The phenomenon where various factors or conditions influence each other, often leading to complex outcomes in a specific context.