The optimal amount of workplace safety is the amount

Question

Quizplus · Accepted Answer

The optimal amount of workplace safety is the point at which the marginal benefits of increased safety equal the marginal costs. This is because increasing safety beyond this point would result in higher costs than benefits. It is not realistic to aim for zero injuries, and a 50% reduction in injuries may not necessarily be the most efficient goal. The cost-benefit analysis should be used to determine the optimal level of safety.

The Optimal Amount of Workplace Safety Is the Amount