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Should policymakers impose additional costly anti-plastics pollution requirements if the marginal benefit of pollution abatement currently equals the marginal cost? Explain.

Short Answer

Expert verified

The expenses will outnumber its marginal gains at station so, the marginal benefit of pollution equals the marginal cost.

Step by step solution

01

Introduction

When such impact of chemical preservation is little and polluting gets prevalent is, at volume Qa—there there often many reasonably affordable and simple methods to decrease contamination, or the marginal utility are incredibly meaningful. There becomes logical to focus new assistance to emissions control at Qa. But, when the regarding environmental security develops, those cheap and simple ways of controlling waste are less effective, and far more complex techniques grow essential.

02

Given Information

There own intention then is to eliminate regulatory laws that might give the same degree of environmental preservation at Qc, whereby expenses equal marginal gains.

03

Explanation

The marginal product keeps rising. Likewise, as going green improves, those determined by multiplying benefit are achieved immediately, preceded by lesser marginal gains. That gap above marginal gains versus variable costs winnows as such extent required pollution control goes . The expenses will outnumber its marginal gains at station Qc. Civilization is just not allocating assets wisely at this focus on environmental security as it's sacrificing just so many resource to environment can affect.

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