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Author Question: The table below shows the marginal benefit and marginal cost of pollution abatement for an ... (Read 40 times)

zl00505

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on: Oct 12, 2022
The table below shows the marginal benefit and marginal cost of pollution abatement for an economy.

Units of Pollution AbatementMB
($)		MC
($)
1120   5
2115 15
3105 30
4 90 50
5 70 70
6 45 95
7 15125
8  0155

TABLE 17-1

Refer to Table 17-1. Suppose a public authority has the mandate to maximize social welfare by choosing the appropriate amount of pollution abatement. The marginal cost of reducing pollution by one unit is ________ at a(n) ________ rate.
◦ decreasing; reduced
◦ decreasing; decreasing
◦ increasing; decreasing
◦ increasing; constant
◦ increasing; increasing
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by zl00505 on Oct 12, 2022

KobyRhoads

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Reply #1 on: Oct 12, 2022
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zl00505

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

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