Asked by Gurlivleen Singh on May 22, 2024
Verified
Why do economists plot a curve of pollution cleanup costs against a curve of estimated social costs of pollution?
A) to find the internal costs of pollution
B) to find the minimum level of pollution
C) to find the optimal level of pollution
D) to find the maximum level of pollution
Pollution Cleanup Costs
The expenses associated with removing pollutants from the environment and restoring natural conditions.
Social Costs
The total cost to society due to an activity or industry, including both direct costs and indirect effects on the environment and human health.
Optimal Level
The most favorable or efficient point or degree of a particular process or condition.
- Familiarize oneself with the internal and external costs arising from economic endeavors and their repercussions on sustainability and the crafting of policies.
Verified Answer
RR
Ry'Shauna RogersMay 23, 2024
Final Answer :
C
Explanation :
Economists plot a curve of pollution cleanup costs against a curve of estimated social costs of pollution to find the optimal level of pollution. This is the level at which the marginal cost of pollution cleanup equals the marginal social cost of pollution. At this level, society minimizes the overall costs associated with pollution.
Learning Objectives
- Familiarize oneself with the internal and external costs arising from economic endeavors and their repercussions on sustainability and the crafting of policies.