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Author Question: Suppose a farm that is polluting an underground water supply faces the following marginal costs for ... (Read 75 times)

mustachegiraffe

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on: Oct 12, 2022
Suppose a farm that is polluting an underground water supply faces the following marginal costs for abating units of pollution:
1st unit abated, MC = $250
2nd unit abated, MC = $400
3rd unit abated, MC = $650
4th unit abated, MC = $950

The marginal benefit to society from this farm abating units of pollution are as follows:
1st unit abated, MB = $1000
2nd unit abated, MB = $800
3rd unit abated, MB = $650
4th unit abated, MB = $300

What is the total net benefit to society if this farm engages in the socially optimal amount of pollution abatement?
◦ $2250
◦ $1150
◦ $1300
◦ $0
◦ $650
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by mustachegiraffe on Oct 12, 2022

latoyia.cook

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mustachegiraffe

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

ryhom

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Reply 3 on: Yesterday
Excellent

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