The table below shows the marginal benefit and marginal cost of pollution abatement for an economy.
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.
A) increasing; constant
B) increasing; decreasing
C) increasing; increasing
D) decreasing; decreasing
E) decreasing; reduced
Correct Answer:
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