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:

Developmental Psychologist

A professional who studies the growth and development of the human mind and behavior throughout life.

Empiricism

A philosophical stance emphasizing that knowledge comes primarily from sensory experience.

Descriptive Statistics

Statistical methods that summarize and organize the characteristics of a set of data, using measures like mean, median, mode, and standard deviation.

Theory

A model of interconnected ideas or concepts that explains what is observed and makes predictions about future events.