The table below shows the marginal costs and marginal benefits associated with cleaning up a polluted landfill site.
TABLE 17-2
-Refer to Table 17-2.What is the net benefit to society of achieving the 100th percentage point of cleanliness of this land?

Question

The table below shows the marginal costs and marginal benefits associated with cleaning up a polluted landfill site.
  TABLE 17-2
-Refer to Table 17-2.What is the net benefit to society of achieving the 100th percentage point of cleanliness of this land?

Quizplus · Accepted Answer

The net benefit to society is calculated by subtracting the cost from the benefit. If the cost of achieving the 100th percentage point of cleanliness is greater than the benefit, the net benefit is negative.

The Table Below Shows the Marginal Costs and Marginal Benefits