If the Marginal Benefit of Reducing Emissions of Some Air

question 241

Multiple Choice

If the marginal benefit of reducing emissions of some air pollutant is greater than the marginal cost,

• A)further reductions will make society better off.
• B)the marginal benefit will rise and the marginal cost will fall as further reductions are made.
• C)economic efficiency will be achieved when emissions are reduced to zero.
• D)private businesses, rather the consumers, should be made to pay for the cost of further reductions.

---

Definitions:

Pareto Chart

A graphical representation that identifies the most significant factors in a data set, based on the Pareto principle that 20% of the causes produce 80% of the effects.

ISO 9000

A set of international standards for quality management and quality assurance designed to help companies ensure they meet customer and other stakeholder needs.

Conforming Quality

The degree to which a product or service meets the specified standards and requirements, ensuring customer satisfaction.

Target-oriented Quality

A strategic approach focusing on achieving specific, predefined quality goals to satisfy customer expectations and improve product or service performance.