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A city currently emits 1 6 million tons of an air pollutant. The table below shows the total benefit and total cost of emission reductions.
A city currently emits million tons of an air pollutant. The table below shows the total benefit and total cost of emission reductions.
tabletableEmission ReductionMillions of tonsTotal Cost,Marginal Cost,Total Benefit,Marginal BenefitNANA
a Complete the table.
b What is the optimal level of emission reduction?
c How much pollution will the city still emit?
d Why is it economically inefficient for the city to completely eliminate its emissions?
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