7 The total social benefit of the CWA was $20.1 billion in 1985 and $46.7 billion in 1990. What was the MB of the policy over this time period?Answer:The total social cost of the CWA was $34.6 billion in 1985 and $44.0 billion in 1990. What was the MC of the policy over this time period?Answer:Given your answers above, was the CWA's goal of achieving a swimmable-fishable water quality standard efficient?Select one:O a. Yes, it was efficient.O b. No, it was not efficient. Given that MC>MB the policy should have implemented stricter water quality standards (i.e., it under-regulated).Oc. No, it was not efficient. Given that MC>MB the policy should have implemented weaker water quality standards (i.e., it over-regulated).O d. No, it was not efficient. Given that MB>MC the policy should have implemented stricter water quality standards (i.e., it under-regulated).O e. No, it was not efficient. Given that MB>MC the policy should have implemented weaker water quality standards (i.e., it over-regulated).

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Answered: The total social benefit of the CWA was…

The total social benefit of the CWA was $20.1 billion in 1985 and $46.7 billion in 1990. What was the MB of the policy over this time period? Answer:

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter12: Medicare

Section: Chapter Questions

Problem 2QAP

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