A policy is considered optimal if it:
A) is supported by a majority of voters.
B) equates total costs with total benefits.
C) equates marginal costs with marginal benefits.
D) forces people to conserve on scarce resources.

Question

Quizplus · Accepted Answer

An optimal policy is one where marginal costs equal marginal benefits, ensuring that resources are allocated efficiently and maximizing net benefits.

A Policy Is Considered Optimal If It