Refer to the graph to the right If the reduction of sulfur dioxide is increased from 7.0 million to 8.5 million tons, the total benefit of this change is equal to the total cost of this change is equal to OA. $255 million; $120 million OB. $120 million, $255 million OC. $375 million; $255 million OD. $120 million; $375 million and

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Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.