Suppose the total benefit and total cost to society of various levels of pollution abatement are as follows: Complete column (4). (Enter your responses as integers.) (1) Pollution Abatement (2) Total Benefit (3) Total Cost (4) Total Net Benefit (5) Marginal Benefit (6) Marginal Cost 0 0 0 nothing — — 1 22 9 nothing 2 42 20 nothing 3 60 33 nothing 4 76 48 nothing 5 90 65 nothing 6 102 84 nothing (1) Pollution Abatement (2) Total Benefit (3) Total Cost (4) Total Net Benefit (5) Marginal Benefit (6) Marginal Cost 0 0 0 — — 1 22 9 13 2 42 20 22 3 60 33 27 4 76 48 28 5 90 65 25 6 102 84 18 Using optimization in levels, if the U.S. Environmental Protection Agency (EPA) wants to maximize total net benefit, then it should require.... unit(s) of pollution abatement. (Enter your response as an integer.) Complete columns (5) and (6), starting with the step from 0 to 1 unit of pollution abatement. (Enter your responses as integers.) (1) Pollution Abatement (2) Total Benefit (3) Total Cost (4) Total Net Benefit (5) Marginal Benefit (6) Marginal Cost 0 0 0 — — 1 22 9 13 nothing nothing 2 42 20 22 nothing nothing 3 60 33 27 nothing nothing 4 76 48 28 nothing nothing 5 90 65 25 nothing nothing 6 102 84 18 nothing nothing Using the Principle of Optimization at the Margin, if the EPA wants to maximize total net benefit, then it should require.... unit(s) of pollution abatement. (Enter your response as an integer.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose the total benefit and total cost to society of various levels of pollution abatement are as follows:

Complete column (4).

(Enter

your responses as

integers.)

(1) Pollution Abatement	(2) Total Benefit	(3) Total Cost	(4) Total Net Benefit	(5) Marginal Benefit	(6) Marginal Cost
0	0	0	nothing	—	—
1	22	9	nothing
2	42	20	nothing
3	60	33	nothing
4	76	48	nothing
5	90	65	nothing
6	102	84	nothing

(1) Pollution Abatement	(2) Total Benefit	(3) Total Cost	(4) Total Net Benefit	(5) Marginal Benefit	(6) Marginal Cost
0	0	0		—	—
1	22	9	13
2	42	20	22
3	60	33	27
4	76	48	28
5	90	65	25
6	102	84	18

Using optimization in levels, if the U.S. Environmental Protection Agency (EPA) wants to maximize total net benefit, then it should require.... unit(s) of pollution abatement.

(Enter

your response as an

integer.)

Complete columns (5) and (6), starting with the step from 0 to 1 unit of pollution abatement.

(Enter

your responses as

integers.)

(1) Pollution Abatement	(2) Total Benefit	(3) Total Cost	(4) Total Net Benefit	(5) Marginal Benefit	(6) Marginal Cost
0	0	0		—	—
1	22	9	13	nothing	nothing
2	42	20	22	nothing	nothing
3	60	33	27	nothing	nothing
4	76	48	28	nothing	nothing
5	90	65	25	nothing	nothing
6	102	84	18	nothing	nothing

Using the Principle of Optimization at the Margin, if the EPA wants to maximize total net benefit, then it should require.... unit(s) of pollution abatement.

(Enter

your response as an

integer.)

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