Use marginal analysis (i.e., marginal social benefit (MSB) and marginal social cost (MSC)) to graphically illustrate a Superfund site abatement decision that is solely risk-based relative to one that is based on the efficiency criterion. What do you observe?
b. Repeat the exercise using total analysis (i.e., total social benefits (TSB) and total social costs (TSC)).

Question

Use marginal analysis (i.e., marginal social benefit (MSB) and marginal social cost (MSC)) to graphically illustrate a Superfund site abatement decision that is solely risk-based relative to one that is based on the efficiency criterion. What do you observe?
 b. Repeat the exercise using total analysis (i.e., total social benefits (TSB) and total social costs (TSC)).

Quizplus · Accepted Answer

The Answer of Use marginal analysis (i.e., marginal social benefit (MSB) and marginal social cost (MSC)) to graphically illustrate a Superfund site abatement decision that is solely risk-based relative to one that is based on the efficiency criterion. What do you observe?
 b. Repeat the exercise using total analysis (i.e., total social benefits (TSB) and total social costs (TSC)).

Use Marginal Analysis (I