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rhialways659 rhialways659
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A year ago
Suppose a farm that is polluting an underground water supply faces the following marginal costs for abating units of pollution:
1st unit abated, MC = $250
2nd unit abated, MC = $400
3rd unit abated, MC = $650
4th unit abated, MC = $950

The marginal benefit to society from this farm abating units of pollution are as follows:
1st unit abated, MB = $1000
2nd unit abated, MB = $800
3rd unit abated, MB = $650
4th unit abated, MB = $300

What is the total net benefit to society if this farm engages in the socially optimal amount of pollution abatement?

▸ $2250

▸ $1150

▸ $1300

▸ $0

▸ $650
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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rainbow12rainbow12
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A year ago
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rhialways659 Author
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A year ago
Good timing, thanks!
rhockeygirl
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smi3
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Thanks
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