Cleaning an environment may lead to:
a. less production.
b. higher prices

According to economic analysis, the optimal quantity of pollution exists at the point at which the

A) total benefit of pollution control is equal to the total cost. B) marginal benefit of pollution control is equal to the marginal cost. C) level of pollution is at zero. D) level of pollution is acceptable to the society.

A sensible buyer will want to acquire additional information before committing herself as long as the expected value of the information she is gathering

A) is greater than the anticipated value of the purchase. B) is greater than the expected cost of acquiring it. C) will enable her to avoid all mistakes. D) will enable her to avoid possible mistakes she will subsequently regret having made.