Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507041
Author: Colander, David
Publisher: MCGRAW-HILL HIGHER EDUCATION
bartleby

Videos

Textbook Question
Book Icon
Chapter 8, Problem 3QE

How would an economist likely respond to the statement “There is no such thing as an acceptable level of pollution”?

Blurred answer
Students have asked these similar questions
It’s common to think that reducing pollution is necessarily costly because to reduce pollution we need to tax firms who will then produce less. But can you think of one example in which pollution might not only be unpleasant but might actually reduce production?
Economists Kenneth Chay and Michael Greenstone found that in the two years following the passage of the Clean Air Act of​ 1970, the sharp reduction in air pollution also led to a decline in infant deaths. Although this and other studies provide compelling evidence of the link between pollution and infant​ health, it is not clear that reductions from the much lower levels of ambient pollution today would have the same effect. Which of the following reasons could explain​ this?   A. ​Today, the level of pollution is much higher.​ Therefore, it will take a much larger reduction in air pollution to reap benefits similar to those in 1970.     B. When levels of pollution are​ high, the marginal benefit of reducing pollution also is high. It follows therefore that the benefit of reducing air pollution in 1970 would be much higher than the benefit from a proportional reduction in air pollution today when the level of pollution is much lower.   C. When levels of pollution are​…
A developing country implements pollution laws for the first time. Initially, there are some relatively cheap ways to reduce pollution and results are easily evident. After twenty years, they've found that the more one reduces pollution, the higher the marginal benefit. the lower the marginal benefit. the lower the marginal cost.

Chapter 8 Solutions

Microeconomics

Knowledge Booster
Background pattern image
Economics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Microeconomics
Economics
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Cengage Learning
Environmental Law: The Clean Air Act; Author: LawShelf;https://www.youtube.com/watch?v=1-SH3kJpVA4;License: Standard Youtube License