refer to the following diagram. MCs is the firm’s marginal cost of providing safety, while MBs is the marginal benefit to society of a one more unit of safety. Because of imperfect information and costly worker mobility, MBs’ is the firm’s perceived marginal benefit of safety.
-From society's standpoint,the optimal level of safety is:

Question

refer to the following diagram.  MCs is the firm’s marginal cost of providing safety, while MBs is the marginal benefit to society of a one more unit of safety.  Because of imperfect information and costly worker mobility, MBs’ is the firm’s perceived marginal benefit of safety.
-From society's standpoint,the optimal level of safety is:

Quizplus · Accepted Answer

The optimal level of safety from society's standpoint is Qs, where the marginal benefit of safety equals the marginal cost of safety.

Refer to the Following Diagram