Question

Assume you are responsible for assessing whether
the air quality standard for carbon monoxide
(CO) is set at the efficient level for some region.
To accomplish this task, you have estimated the
following marginal benefit and marginal cost
functions for CO abatement:

Answer 1

Explanation:

Assume you are responsible for assessing whether

the air quality standard for carbon monoxide

(CO) is set at the efficient level for some region.

To accomplish this task, you have estimated the

following marginal benefit and marginal cost

functions for CO abatement: