1. Costs of Reducing Water Pollution Water pollution (PPM) 45 35 25 10 0 Social benefit (dollars)...
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1. Costs of Reducing Water Pollution
Water pollution (PPM) | 45 | 35 | 25 | 10 | 0 |
Social benefit (dollars) | 120 | 190 | 240 | 270 | 280 |
Social cost (dollars) | 20 | 25 | 35 | 65 | 100 |
Marginal social benefit (dollars per PPM) | _____ | _____ | _____ | _____ | |
Marginal social cost (dollars per PPM) | _____ | _____ | _____ | _____ |
a) Using the Costs of Reducing Water Pollution table, what is the marginal social benefit (in dollars per PPM) of reducing pollution rates from 35 to 25 PPM?
b) Using the Costs of Reducing Water Pollution table, what is the marginal social benefit (in dollars per PPM) of reducing pollution rates from 25 to 10 PPM?
c) Using the Costs of Reducing Water Pollution table, what is the marginal social benefit (in dollars per PPM) of reducing pollution rates from 10 to 0 PPM?
d)Using the Costs of Reducing Water Pollution table, what is the marginal social cost (in dollars per PPM) of reducing pollution rates from 25 to 10 PPM?
Related Book For
Understanding Basic Statistics
ISBN: 9781111827021
6th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
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