Suppose the total benefit and total cost to society of various levels of pollution abatement are as follows:
Complete column (4).
(Enter your responses as integers.)
(1) Pollution Abatement | (2) Total Benefit | (3) Total Cost | (4) Total Net Benefit | (5) Marginal Benefit | (6) Marginal Cost
---|---|---|---|---|---
0 | 0 | 0 | — | — | —
1 | 22 | 9 | | |
2 | 42 | 20 | | |
3 | 60 | 33 | | |
4 | 76 | 48 | | |
5 | 90 | 65 | | |
6 | 102 | 84 | | |
Using optimization in levels, if the U.S. Environmental Protection Agency (EPA) wants to maximize total net benefit, then it should require.... unit(s) of pollution abatement.
(Enter your response as an integer.)
Complete columns (5) and (6), starting with the step from 0 to 1 unit of pollution abatement.
(Enter your responses as integers.)
Using the Principle of Optimization at the Margin, if the EPA wants to maximize total net benefit, then it should require.... unit(s) of pollution abatement.
(Enter your response as an integer.)