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jwalker824 jwalker824
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2 years ago
In general, the economist's view on allocating resources to reduce pollution is that

▸ the reduction of pollution should proceed up to the point where the marginal cost of pollution reduction equals the marginal benefit to society.

▸ all forms of water and air pollution should be eliminated.

▸ it is not allocatively efficient to reduce pollution.

▸ government policies to reduce pollution have zero opportunity cost.

▸ the extent of pollution reduction should be based only on a comparison of total costs and total benefits to the environment.
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Microeconomics

Microeconomics


Edition: 17th
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bwhurdbwhurd
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2 years ago
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jwalker824 Author
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2 years ago
This site is awesome
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Thank you, thank you, thank you!
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