Below is a graph of the marginal benefits (MB) and marginal costs (MC) of benzene (an...

 

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Below is a graph of the marginal benefits (MB) and marginal costs (MC) of benzene (an air pollutant) reduction developed by scientists, health professionals and economists (note: reduction units on x-axis). Marginals: MB and MC dollars 9 8 7 6 5 3 2 1 0 0 5 10 15 20 25 30 35 40 Quantity of benzene red Select one: O a. Shift the MC curve out to the right. O b. O. c. Shift the MB curve down and to the left. O d. Shift the MB curve up and to the right. 45 Shift the MC curve back and to the left. 50 55 If it was suddenly discovered that benzene contaminated water as well as the air, how would the above graph change? -MB -MC Below is a graph of the marginal benefits (MB) and marginal costs (MC) of benzene (an air pollutant) reduction developed by scientists, health professionals and economists (note: reduction units on x-axis). Marginals: MB and MC dollars 9 8 7 6 5 3 2 1 0 0 5 10 15 20 25 30 35 40 Quantity of benzene red Select one: O a. Shift the MC curve out to the right. O b. O. c. Shift the MB curve down and to the left. O d. Shift the MB curve up and to the right. 45 Shift the MC curve back and to the left. 50 55 If it was suddenly discovered that benzene contaminated water as well as the air, how would the above graph change? -MB -MC

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Option D explanation Marginal benefit is the maximum amoun... View the full answer