A collaborative federal and state program has been proposed in response to acid rain damage in Newport Bay, Maryland. To estimate the incremental benefits of the program, you use the travel cost method based upon the following pre- and post-policy recreational demand functions: Pre-policy: P=62 -0.02V, Post-policy: P= 80 -0.02Vz where Vis the number of visitors (in thousands) and Pis the admission fee. Assume the admission fee is set at $20 per visitor. 20. The estimated incremental benefits (in thousands of dollars) associated with this new policy are A. 2,100 B. 44,100 C. 90,000 D. 45,900 21. De minimis risk A. is the goal required by law under President Reagan's Executive Order 12291 B. is applicable only to voluntary risk C. is a negligible level of risk such that reducing it further would not be cost justified D. is identical to a zero-risk standard