-The table above shows the cost to society of allowing a given pollution level (in terms of polluted stream miles)and the cost of pollution control (in millions of dollars).How many polluted stream miles should be tolerated to minimize the total costs of pollution?
A) 0
B) 1,000
C) 2,000
D) 3,000
E) 4,000

Question

-The table above shows the cost to society of allowing a given pollution level (in terms of polluted stream miles)and the cost of pollution control (in millions of dollars).How many polluted stream miles should be tolerated to minimize the total costs of pollution?
A) 0 
B) 1,000 
C) 2,000 
D) 3,000 
E) 4,000

Quizplus · Accepted Answer

To minimize total costs, the sum of the cost to society and the cost of pollution control should be minimized. This typically occurs where the marginal cost of pollution control equals the marginal cost of pollution.

-The Table Above Shows the Cost to Society of Allowing