Applying the concept of "clean enough" to clean air an economist means the
A)perfectly clean water.
B)state of cleanliness where the average cost of cleaning more equals the average benefit of cleaning more.
C)state of cleanliness where the marginal cost of cleaning equals the marginal benefit of cleaning.
D)state of cleanliness where the total cost of cleaning equals the total benefit of cleaning.

Question

Quizplus · Accepted Answer

Applying the concept of "clean enough" to clean air, an economist would define it as the state of cleanliness where the marginal cost of cleaning equals the marginal benefit of cleaning. This means that any additional effort put into cleaning the air would cost more than the benefits obtained from the additional cleaning effort. Therefore, "clean enough" would be achieved at the point where the costs and benefits of further cleaning are equal.

Applying the Concept of "Clean Enough" to Clean Air an Economist