Asked by Savannah Young Kelsey on Jun 13, 2024

verifed

Verified

The socially optimal amount of pollution abatement occurs where society's marginal

A) benefit of abatement exceeds its marginal cost of abatement by the greatest amount.
B) benefit of abatement equals its marginal cost of abatement.
C) benefit of abatement is zero.
D) cost of abatement is at its maximum.

Pollution Abatement

Actions or measures taken to reduce, control, or eliminate pollution and its negative impacts on the environment.

Socially Optimal

A condition or output level where the social welfare is maximized, taking into account both the benefits to consumers and the costs to producers.

Marginal Benefit

The additional satisfaction or utility that an individual gains from consuming one more unit of a good or service.

  • Apprehend how mitigating pollution influences social welfare and the allocation of resources.
verifed

Verified Answer

KB
Karandeep BainsJun 17, 2024
Final Answer :
B
Explanation :
The socially optimal amount of pollution abatement occurs where the marginal benefit of abatement equals its marginal cost. This balance ensures that the cost of reducing pollution further would exceed the benefits gained from such reduction, achieving an efficient allocation of resources.