A legislative committee is weighing the pros and cons of a clean-air program. if it spends $1 million on the program, the air wi
ll be cleaner by 20 percent. if it spends $2 million, the air will be cleaner by 30 percent. if it spends $3 million, the air will be cleaner by 35 percent. after comparing opportunity costs and benefits at the margin, the committee agrees to fund the program with $2 million. why did it not choose to appropriate $3 million? a. at $3 million, the air is not improved as much as the committee would like.
b. at $3 million, the costs are no longer worth the benefits.
c. it was too much to spend without a guarantee.
d. the air is improved by the same amount whether $2 million or $3 million is spent.
He decides to walk to the duck pond in Central Park to see if the ducks are still around. Along the way, he becomes quite upset when he drops and breaks the record he had bought for Phoebe.
