The Ocean Is So Vast It Is Difficult to Imagine

question 70

Essay

The ocean is so vast it is difficult to imagine that human activities could harm it.However,the evidence of human impact is unmistakable.Discuss the nature of marine ecosystem destruction from pollution and overfishing.

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Definitions:

Efficient Level

The optimal point of operation where resources are used in such a way that maximizes productivity and minimizes waste.

Negative Externality

A cost that is suffered by a third party due to an economic transaction, where the cost is not reflected in the transaction's final price.

Marginal Social Cost

The total cost society bears for the production of an additional unit of a good, including both direct costs to the producer and external costs to others.

Efficient Output

The level of production at which a company or economy can produce the maximum amount of goods at the lowest cost.