The marginal social cost of air quality increases as air quality increases.If the dirtiest production process would create 700 tons of pollutants, then
A) eliminating the first 20 tons of pollution is cheaper than eliminating the last 20 tons
B) eliminating the last 20 tons of pollution is cheaper than eliminating the first 20 tons
C) more damage will be done by the first 20 tons of pollution than by the last 20 tons
D) more damage will be done by the last 20 tons of pollution than by the first 20 tons
E) the optimal level of air quality is to reduce pollution by 700 tons
Correct Answer:
Verified
Q75: The optimal level of air quality
A)is always
Q76: Exhibit 17-3 Q77: When using the traditional command-and-control approach to Q78: The optimal level of pollution is Q79: When using the economic efficiency approach to Q81: Sailboats and motorboats share Emerson Lake, which Q83: A meditation class meets on the second Q84: Which of the following is most likely Q85: The destruction of tropical rain forests results Q117: Markets fail when externalities are present
A)zero
B)the level
A) because
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents