If motorists gain $8 in benefits when carbon monoxide emissions are reduced from 10 pounds to 9 pounds and $5 when they are reduced from 9 pounds to 8 pounds, the marginal cost of the 10th pound of carbon monoxide is:

Question

Quizplus · Accepted Answer

The marginal cost of the 10th pound of carbon monoxide is the benefit gained from reducing emissions from 10 pounds to 9 pounds, which is $8.

If Motorists Gain $8 in Benefits When Carbon Monoxide Emissions