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miks miks
wrote...
Posts: 346
A week ago

Question 1.

Figure 5-8



Consider a chemical plant that discharges toxic fumes over a nearby community. To reduce the emissions of toxic fumes the firm can install pollution abatement devices. Figure 5-8 shows the marginal benefit and the marginal cost from reducing the toxic fumes emissions.



Refer to Figure 5-8. What is the economically efficient level of pollution reduction?



12.5 million tons



9 million tons



8 million tons



0 tons



Question 2.

Figure 5-8



Consider a chemical plant that discharges toxic fumes over a nearby community. To reduce the emissions of toxic fumes the firm can install pollution abatement devices. Figure 5-8 shows the marginal benefit and the marginal cost from reducing the toxic fumes emissions.



Refer to Figure 5-8. Suppose the emissions reduction target is currently established at 8 million tons. What is the area that represents the cost of eliminating an additional 1 million tons?



A + B



A + B + C



A



B + C

Textbook 

InMicro


Edition: 1st
Authors:
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Answer verified by a subject expert
JennyyyJennyyy
wrote...
Posts: 334
A week ago
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Answer 1

9 million tons



Answer 2

A

1

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wrote...
A week ago
Thank you for answering so quickly
wrote...
A week ago
Was feeling bored, my pleasure Grinning Face with Smiling Eyes
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