The given excerpt from Act III of Hamlet does not mention Laurence Olivier's adaptation with high cliffs and a knife, so I cannot comment on the effect of those choices. However, I can help you understand the meaning of the excerpt itself.
In this soliloquy, Hamlet contemplates the meaning of life and death. He ponders whether it is better to endure the hardships and uncertainties of life ("the slings and arrows of outrageous fortune") or to take action against them ("to take arms against a sea of troubles"). He reflects on the idea of death as an escape from the pain and suffering of life.
The phrase "To be, or not to be: that is the question" is one of the most famous lines in English literature. It captures Hamlet's dilemma of whether it is better to exist or to cease to exist. He muses on the idea of death as a form of sleep that brings an end to the heartache and struggles of life.
The line "For in that sleep of death what dreams may come" suggests that death may bring unknown experiences or consequences, represented metaphorically as dreams. Hamlet considers the uncertainty of what lies beyond death, which gives him pause in his contemplation.
Therefore, the effect of Olivier's adaptation with high cliffs and a knife is not directly related to the content of the excerpt. The choices mentioned in the options do not align with the given text.