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Question The first two columns of the table show the demand schedule for electricity from a coal burning utility; the second and third columns show

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Question The first two columns of the table show the demand schedule for electricity from a coal burning utility; the second and third columns show the utility's cost of producing electricity. The marginal external cost of the pollution created equals the marginal cost. Price Quantity demanded Marginal cost (cents per kilowatt) (kilowatts per day) (cents per kilowatt) 3 250 IS 6 200 l2 9 ISO . 9 12 I00 6 15 g 50 3 With no government action to control pollution, what is the quantity of electricity produced, the price of electricity, and the marginal external cost of the pollution generated

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