(Table: Coal Mine Pollution) The table Coal Mine Pollution shows the marginal social benefit and the marginal social cost of various amounts of pollution from a coal mine.If 5 tons of pollution is produced:
A)too much pollution is produced.
B)the efficient amount of pollution is produced.
C)not enough pollution is produced.
D)the socially optimum amount of pollution is produced.

Question

Quizplus · Accepted Answer

At 5 tons of pollution, the marginal social benefit is equal to the marginal social cost, meaning that the efficient or socially optimum amount of pollution is being produced.

(Table: Coal Mine Pollution) the Table Coal Mine Pollution Shows