Top Posters
Since Sunday
d
4
N
3
3
R
3
k
3
o
3
Z
3
j
3
s
3
d
3
J
3
1
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
qwertybio qwertybio
wrote...
Go to Answer
Posts: 142
Rep: 0 0
A year ago

The diagram below shows the marginal cost of pollution abatement for two firms, Firm X and Firm Y.

Short description: Two graphs plot pollution abatement against dollars per unit. Long description: In each graph, the horizontal axis represents pollution abatement and the vertical axis represents dollars per unit. The first graph shows a concave up increasing curve representing MC subscript X that passes through the points, (Q subscript R, C subscript X) and (Q subscript X, above C subscript X). The second graph shows a concave up increasing curve representing MC subscript Y that passes through the points, (Q subscript R, C subscript Y) and (Q subscript Y, above C subscript Y).

FIGURE 17-4

Refer to Figure 17-4. Suppose Firms X and Y are each abating QR units of pollution. From this point, if Firm X reduces pollution by one unit and Firm Y increases pollution by one unit, then



▸ total pollution remains the same, but the total cost of abatement falls.

▸ the total cost of abatement remains the same, but pollution increases.

▸ total pollution remains the same, but the total cost of abatement increases.

▸ the total costs of abatement and the amount of pollution do not change.

▸ the total cost of abatement remains the same, but pollution falls.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 36 times
1 Reply
Replies
Answer verified by a subject expert
mooltipasmooltipas
wrote...
#1
Donated
Posts: 132
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

qwertybio Author
wrote...

A year ago
Thanks
Loruiz15
wrote...

Yesterday
Smart ... Thanks!
Zacellison
wrote...

2 hours ago
Brilliant ツ
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1489 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 155
  
 801
  
 837
Your Opinion
How often do you eat-out per week?
Votes: 81
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?