Solved

-Refer to the Above Figure

Question 179

Multiple Choice

  -Refer to the above figure. Suppose the marginal benefit and the marginal cost curves of pollution abatement are normally shaped. Technological change that made it easier to produce in a  cleaner  fashion would cause A)  curve (4)  to shift out, increasing the optimal amount of pollution abatement. B)  curve (3)  to shift up, raising the marginal benefits and costs and reducing the amount of pollution abatement. C)  curve (2)  to shift out, increasing the optimal amount of pollution abatement. D)  curve (1)  to shift out, increasing the optimal amount of pollution abatement.
-Refer to the above figure. Suppose the marginal benefit and the marginal cost curves of pollution abatement are normally shaped. Technological change that made it easier to produce in a "cleaner" fashion would cause


A) curve (4) to shift out, increasing the optimal amount of pollution abatement.
B) curve (3) to shift up, raising the marginal benefits and costs and reducing the amount of pollution abatement.
C) curve (2) to shift out, increasing the optimal amount of pollution abatement.
D) curve (1) to shift out, increasing the optimal amount of pollution abatement.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents