The marginal benefit of reducing pollution and the marginal cost of reducingpollution are given by the following equations: MB = -2U2 + 18, and MC = 2U2 + 2,where U is the number of units of pollution abatement. What is the optimal numberof units of pollution abatement?A) oB) 1C) 2D) 3E) 4

A marginal benefit is a maximum amount a consumer is willing to pay for an additional good or…

The marginal benefit of reducing pollution and the marginal cost of reducing pollution are given by the following equations: MB = -2U2+ 18, and MC = 2U² + 2, where U is the number of units of pollution abatement. What is the optimal number of units of pollution abatement? O A) o B) 1 C) 2

The marginal benefit of reducing pollution and the marginal cost of reducing pollution are given by the following equations: MB = -2U2+ 18, and MC = 2U² + 2, where U is the number of units of pollution abatement. What is the optimal number of units of pollution abatement? O A) o B) 1 C) 2

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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