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miks miks
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4 years 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

InMicro


Edition: 1st
Authors:
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JennyyyJennyyy
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4 years ago
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miks Author
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#2
4 years ago
Thank you for answering so quickly
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