Consider the diagram below, which displays the marginal cost and marginal benefit of water pollution abatement in
Question:
a. What is the optimal percentage degree of water cleanliness?
b. When the optimal percentage degree of water cleanliness has been attained, what cost will be incurred for the last unit of water cleanup?
Transcribed Image Text:
Marginal benefit 16 10 Marginal cost 0 65 85 98 100 Degree of Cleanliness (%)
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a The optimal level of water pollution is calculated where marginal benefit equals ...View the full answer
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