Applying the concept of "clean enough" to endangered species an economist means the
A)No species are ever harmed.
B)state of species endangerment where the average cost of cleaning more equals the average benefit of cleaning more.
C)state of species endangerment where the marginal cost of cleaning equals the marginal benefit of cleaning.
D)state of species endangerment where the total cost of cleaning equals the total benefit of cleaning.

Question

Quizplus · Accepted Answer

The concept of "clean enough" is based on the idea of cost-benefit analysis. In the case of endangered species, the goal is to find the level of conservation efforts where the marginal cost of additional efforts is equal to the marginal benefit of those efforts. This is the point where we have achieved the optimal level of conservation, or "clean enough." Therefore, the correct choice is C where the state of species endangerment where the marginal cost of cleaning equals the marginal benefit of cleaning.

Applying the Concept of "Clean Enough" to Endangered Species an Economist