People who are well aware of the damaging effects of mercury might insist that all fish that they eat be free from mercury. They may be alarmed even if mercury levels remain at very low levels, far below that known to cause harm.
Insisting that mercury be completely eliminated from fish A) will likely require little additional cost with potentially great benefits.
B) will likely reduce the cost of fish and improve the health of consumers.
C) is not cost effective for the health benefits of complete elimination.
D) is a necessary but expensive part of additional environmental controls.
Question 2
Shadow pricing could be used to estimate the
A) deterioration and replacement costs of materials.
B) reduced cost of providing health care.
C) cost of cleaning up an oil spill.
D) value of an endangered species of plant.
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