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justinw2200 justinw2200
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4 years ago

Question 1.

If electric utilities continually reduce their emissions of sulfur dioxide



▸

the total benefit of sulfur dioxide emissions will fall.



▸

the marginal cost of further emissions will rise.



▸

the marginal benefit of additional emissions will rise.



▸

the utilities will eventually be forced to go out of business.



Question 2.

If the marginal benefit of reducing emissions of some air pollutant is greater than the marginal cost



▸

the marginal benefit will rise and the marginal cost will fall as further reductions are made.



▸

private businesses, rather the consumers, should be made to pay for the cost of further reductions.



▸

economic efficiency will be achieved when emissions are reduced to zero.



▸

further reductions will make society better off.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
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BakariBakari
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4 years ago
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justinw2200 Author
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4 years ago
Brilliant ツ
rileyjones420
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Yesterday
Helped a lot
gmiannotti
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2 hours ago
Correct Slight Smile TY
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