Tick borne diseases like Lyme already cost Northeastern states $1.3 billion in annual healthcare costs. Scientists predict that with climate change, the range of the ticks and one of their favorite hosts the white-footed mouse will increase northward into areas that have yet to be exposed to Lyme disease. As a result of the increased range of the ticks, healthcare costs related to Lyme are expected to increase by $3 billion annually for the region. The total annual cost of preventing the climate change is $2,9 billion.

According to economic reasoning which of the following should the states do?

Select one:

O A. The states should not pay the prevention costs because the marginal benefit of

prevention outweighs the marginal cost.

O B. The states should pay the prevention costs because the marginal benefits outweigh

the marginal costs of prevention,

O C. The states should not pay for prevention because climate change is a hoax

perpetrated by radical environmentalists

D. The states in the region should pay the prevent costs because the marginal cost

of doing so outweighs the marginal benefit of preventing the climate change

CIA student, Fintan, decides to go to Tavern 23 (a local bar) with a group of friends from his microeconomics class. The whole group has an important micro exam the next day. The group shoots pool, all drinking sparkling water except for Fintan, who decides to drink several shots of bourbon. After two hours of playing pool the group leaves to go to the LLC for a two-hour microeconomics review. Fintan is too inebriated to attend the session and goes home. All the students that attend the review earn A's on the exam, Fintan doesn't sit the exam (he's too hung-over) and earns an F grade.

The opportunity cost of Fintan's bourbon drinking is most likely:

Select one:

O A. An A grade on the exam.

B. The value of the fun he had drinking bourbon.

O C. An awful headache, an upset stomach, and a feeling of foolishness

D There is no gppertunity cost because theras no dallar cast invalwed