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Author Question: The table below shows the marginal costs and marginal benefits associated with cleaning up a ... (Read 32 times)

kled

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on: Oct 12, 2022
The table below shows the marginal costs and marginal benefits associated with cleaning up a polluted landfill site.

Cleanliness of Land (%)Marginal
Cost
($ millions)		Marginal Benefit
($ millions)
 01.2512.0
201.59.0
402.07.0
603.05.5
804.54.5
10020.04.0

TABLE 17-2

Refer to Table 17-2. Would it be socially optimal to achieve 100% cleanliness of this landfill site?
◦ No, because the net benefit to society at that level is not maximized.
◦ Yes, because the net benefit to society at that level is positive.
◦ No, because the technology for 100% cleanliness is not available.
◦ Yes, because there is a $4.0 million marginal benefit of achieving 100% cleanliness.
◦ Yes, because 100% cleanliness of the land is the only socially optimal outcome.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by kled on Oct 12, 2022

bainer89

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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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kled

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

Jossy

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Reply 3 on: Yesterday
Excellent

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