SAPLINGPLUS ACCESS MICRO 1 TERM
4th Edition
ISBN: 9781319319038
Author: KRUGMAN
Publisher: MAC LTD
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Question
Chapter 16, Problem 3P
To determine
(a)To draw the marginal benefit
(b) Do you expect the total quantity of pollution was more or less than optimal level of pollution before the program was implemented? Explain
(c) If the plants are participant of 33/50 program then mark target level of pollution in 1995 for both? Which was required to emit less and is this solution efficient?
(d) What are the other policies resembling to 33/50 program? what are the shortcomings
Concept:
Marginal benefit: The additional utility that a person receives after consuming additional unit of a good.
Optimal level of pollution: The level at which cost of reducing pollution is less than benefit of reducing pollution
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Chapter 16 Solutions
SAPLINGPLUS ACCESS MICRO 1 TERM
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