Exhibit 17.5

-Refer to Exhibit 17.5,which shows greenhouse gas emissions for a given rate of electricity production.The optimal level of air quality for a given rate of electricity production is found at _____
A) point c.
B) point a.
C) point b.
D) A
E) A'

Question

Exhibit 17.5
 
-Refer to Exhibit 17.5,which shows greenhouse gas emissions for a given rate of electricity production.The optimal level of air quality for a given rate of electricity production is found at _____
A) point c. 
B) point a. 
C) point b. 
D) A 
E) A'

Quizplus · Accepted Answer

The optimal level of air quality for a given rate of electricity production is typically found at the point where the marginal cost of pollution abatement equals the marginal benefit of pollution abatement. Without seeing Exhibit 17.5, the general principle in environmental economics is to balance these costs and benefits to find the optimal point. Point a is often used in diagrams to represent this equilibrium point, assuming it reflects this balance.

Exhibit 17.5 -Refer to Exhibit 17.5,which Shows Greenhouse Gas Emissions for a Gas