3. Suppose the EPA wants to reduce pollution to the socially optimal level. Based on the datain the table below, what is the optimal level of pollution?Total cleanupTotalTotal(tons)BenefitCost502851831152841403951605117963719776821490230105102451201125913712273156132861771429920015311225

Answered: Image /qna-images/answer/cbc5a0b6-7796-4e73-8450-6d4087ee3002.jpg

Answered: 3. Suppose the EPA wants to reduce…

3. Suppose the EPA wants to reduce pollution to the socially optimal level. Based on the data in the table below, what is the optimal level of pollution?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter13: Positive Externalities And Public Goods

Section: Chapter Questions

Problem 2SCQ: Suppose that Sonys R. Is this a private or social benefit?

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Question

3. Suppose the EPA wants to reduce pollution to the socially optimal level. Based on the data
in the table below, what is the optimal level of pollution?
Total cleanup
Total
Total
(tons)
Benefit
Cost
50
2
85
18
3
115
28
4
140
39
5
160
51
179
63
7
197
76
8
214
90
230
105
10
245
120
11
259
137
12
273
156
13
286
177
14
299
200
15
311
225

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