Multiple Choice
Which of the following best explains why making air travel completely safe is not efficient?
A) After some level of safety is reached, making airplanes even safer is not worth the opportunity cost that would be incurred.
B) Because one can't put a price on human life, airplane safety generally doesn't matter economically.
C) The benefit from additional airplane safety will generally rise as airplanes are made safer, more than offsetting the opportunity cost involved.
D) The question is misleading--making airplanes safer is always efficient.
Correct Answer:
Verified
Correct Answer:
Verified
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