If the marginal cost of cleaning up the pond is $15/ppm and the pond currently is at 0 ppm, what is the socially efficient level of DO, assuming only these three people are involved? 5 ppm 3 ppm At that cost there is no quality that is desired
If the marginal cost of cleaning up the pond is $15/ppm and the pond currently is at 0 ppm, what is the socially efficient level of DO, assuming only these three people are involved? 5 ppm 3 ppm At that cost there is no quality that is desired
Chapter14: Environmental Economics
Section: Chapter Questions
Problem 2SQ
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If the marginal cost of cleaning up the pond is $15/ppm and the pond currently is at 0 ppm, what is the socially efficient level of DO, assuming only these three people are involved?
- 5 ppm
- 3 ppm
- At that cost there is no quality that is desired
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