Multiple Choice
The three firms shown below can choose among three workplace safety alternatives: continue with the status quo,provide safety training or purchase new safety equipment.The injury rates for the firms under the three alternatives as well as the costs of the alternatives are shown in the table.The cost of treating an injury is $200.
Suppose the government requires all three firms to install the new safety equipment.Relative to the status quo,the marginal cost would be _______ and the marginal benefit would be ______.
A) $2150;$1200
B) $1450;$600
C) $1800;$1200
D) $1800;$1800
Correct Answer:

Verified
Correct Answer:
Verified
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