The table below shows the marginal benefit and marginal cost of pollution abatement for an economy. $$\begin{array} { | c | c | c | }
\hline \begin{array} { c }
\text { Units of } \
\text { Pollution } \
\text { Abatement }
\end{array} & \mathrm { MB } & \mathrm { MC } \
\hline 1 & 120 & 5 \
\hline 2 & 115 & 15 \
\hline 3 & 105 & 30 \
\hline 4 & 90 & 50 \
\hline 5 & 70 & 70 \
\hline 6 & 45 & 95 \
\hline 7 & 15 & 125 \
\hline 8 & 0 & 155 \
\hline
\end{array}$$ 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 total net benefit from the optimal amount of pollution abatement is

Question

The table below shows the marginal benefit and marginal cost of pollution abatement for an economy. $$\begin{array} { | c | c | c | } 
\hline \begin{array} { c } 
\text { Units of } \
\text { Pollution } \
\text { Abatement }
\end{array} & \mathrm { MB } & \mathrm { MC } \
\hline 1 & 120 & 5 \
\hline 2 & 115 & 15 \
\hline 3 & 105 & 30 \
\hline 4 & 90 & 50 \
\hline 5 & 70 & 70 \
\hline 6 & 45 & 95 \
\hline 7 & 15 & 125 \
\hline 8 & 0 & 155 \
\hline
\end{array}$$ 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 total net benefit from the optimal amount of pollution abatement is

Quizplus · Accepted Answer

The Answer of The table below shows the marginal benefit and marginal cost of pollution abatement for an economy. $$\begin{array} { | c | c | c | } 
\hline \begin{array} { c } 
\text { Units of } \
\text { Pollution } \
\text { Abatement }
\end{array} & \mathrm { MB } & \mathrm { MC } \
\hline 1 & 120 & 5 \
\hline 2 & 115 & 15 \
\hline 3 & 105 & 30 \
\hline 4 & 90 & 50 \
\hline 5 & 70 & 70 \
\hline 6 & 45 & 95 \
\hline 7 & 15 & 125 \
\hline 8 & 0 & 155 \
\hline
\end{array}$$ 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 total net benefit from the optimal amount of pollution abatement is

The Table Below Shows the Marginal Benefit and Marginal Cost