Asked by Chris Turner on Jun 13, 2024
Verified
Society's optimal amount of pollution abatement is where society's marginal benefit of abatement is zero.
Marginal Benefit
The extra utility or satisfaction obtained through the consumption of an additional unit of a good or service.
Pollution Abatement
Actions or measures taken to reduce, control, or eliminate pollution from various sources.
- Understand the economic implications of environmental policies and pollution abatement strategies.
Verified Answer
HP
Harry PablaJun 13, 2024
Final Answer :
False
Explanation :
Society's optimal amount of pollution abatement is where society's marginal benefit of abatement equals the marginal cost of abatement, not where the marginal benefit is zero.
Learning Objectives
- Understand the economic implications of environmental policies and pollution abatement strategies.