Reference: Ref 16-14 a. the production of pollution is not socially optimal. 6.

Question

Reference: Ref 16-14

a. the production of pollution is not socially optimal.

6. Figure: The Quantity of Pollution

Reference: Ref 16-14

(Figure: The Quantity of Pollution) Look at the table The Quantity of Pollution. If the amount of pollution emitted is 150:

a. the production of pollution is not socially optimal.

b. the marginal social benefit is greater than the marginal social cost of pollution. c. this economy is producing at the socially optimal level of pollution. d.    this economy would benefit by increasing production of this good.a.

Explanation / Answer

c, this economy is producing at the socially optimal level of pollution. This because the socially efficient occurs at point where soical marginal cost is equal to soical marginal soical benefit.

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