-The Optimal Quantity of Pollution in the Above Figure

question 146

Multiple Choice

-The optimal quantity of pollution in the above figure

• A) is defined as the level where the marginal benefit is at a maximum.
• B) is where the optimal degree of air cleanliness is 100 percent.
• C) is the level of pollution at which the marginal benefit equals the marginal cost.
• D) cannot be determined.

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Definitions:

Relative Frequency

The ratio of the number of times a particular value occurs to the total number of observations.

Probabilities

Measures of the chance or likelihood that certain events or outcomes will occur, represented quantitatively.

Perfectly Balanced

A term often used in data analysis or statistics to describe a situation where elements are distributed equally or in perfect symmetry.

Trial

An attempt or test to perform a task, or the use of something in experiment to determine its efficiency or effectiveness.