Society's MB and MC of Pollution Abatement 0 MC₁ MC₂ Multiple Choice MB₁ Q₁ Q2 Q3 Q4 Amount of Pollution Abatement MB₂ In the diagram, the MC curve slopes upward because the less pollution society reduces the higher the utility (benefit) of the next unit of pollution reduction. the more pollution society reduces the higher the utility (benefit) of the next unit of pollution reduction. the more pollution society reduces the lower the cost of each additional unit of pollution reduction. the more pollution society reduces the higher the cost of each additional unit of pollution reduction.
Society's MB and MC of Pollution Abatement 0 MC₁ MC₂ Multiple Choice MB₁ Q₁ Q2 Q3 Q4 Amount of Pollution Abatement MB₂ In the diagram, the MC curve slopes upward because the less pollution society reduces the higher the utility (benefit) of the next unit of pollution reduction. the more pollution society reduces the higher the utility (benefit) of the next unit of pollution reduction. the more pollution society reduces the lower the cost of each additional unit of pollution reduction. the more pollution society reduces the higher the cost of each additional unit of pollution reduction.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
In the diagram, the MC curve slopes upward because
Multiple Choice
-
the less pollution society reduces the higher the utility (benefit) of the next unit of pollution reduction.
-
the more pollution society reduces the higher the utility (benefit) of the next unit of pollution reduction.
-
the more pollution society reduces the lower the cost of each additional unit of pollution reduction.
-
the more pollution society reduces the higher the cost of each additional unit of pollution reduction.
Transcribed Image Text:Society's MB and MC of
Pollution Abatement
0
MC₁
I
Multiple Choice
Q4
MC₂
MB₁
Q₁ Q2 Q3
Amount of Pollution Abatement
MB₂
In the diagram, the MC curve slopes upward because
the less pollution society reduces the higher the utility (benefit) of the next unit of pollution reduction.
the more pollution society reduces the higher the utility (benefit) of the next unit of pollution reduction.
the more pollution society reduces the lower the cost of each additional unit of pollution reduction.
the more pollution society reduces the higher the cost of each additional unit of pollution reduction.
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