Suppose that the local health board discovers some unsanitary conditions at your favorite sushi restaurant. An economist would likely have what to say about this situation?
A) "All unsanitary conditions at this restaurant must be eliminated."
B) "The restaurant owner obviously cares more about profits than about his customers."
C) "No one should eat at this restaurant due to the potential health hazard."
D) "Eliminating all of the unsanitary conditions might cost more than the value of the benefits that would be gained."

Question

Quizplus · Accepted Answer

Economists often analyze situations in terms of cost-benefit analysis. They would consider whether the cost of eliminating all unsanitary conditions outweighs the benefits, rather than making absolute statements about what should or should not be done based on moral or health grounds alone.

Suppose That the Local Health Board Discovers Some Unsanitary Conditions