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Chapter 12: Q.34 (page 297)

Is zero pollution an optimal goal? Why or why not?

Short Answer

Expert verified

Aiming for zero pollution should be the ultimate goal.

Step by step solution

01

Introduction 

The term "zero pollution" refers to the number of poisons and trash released by businesses.

02

Explanation

Yes, zero pollution should be a optimal goal because it will quiet down the matter of world warming. More green cover should be used. Roads and pavements have more trees and plants. buildings may be covered with more creepers. Renewable energy resources should be used which are saving energy expenses additionally as not emitting pollutants the least bit. The aim should be maximize the employment by recycling, sharing, pooling the resources. production method should be changed so pollution should be less. This process are time consuming but very effective.

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Most popular questions from this chapter

Suppose you want to put a dollar value on the external costs of carbon emissions from a power plant. What information or data would you obtain to measure the external [not social] cost?

In a market without environmental regulations, will the supply curve for a firm account for private costs, external costs, both, or neither? Explain.

What are the economic tradeoffs between low-income and high-income countries in international conferences on global environmental damage?

What is command-and-control environmental regulation?

The state of Colorado requires oil and gas companies who use fracking techniques to return the land to its original condition after the oil and gas extractions. Table 12.9shows the total cost and total benefits (in dollars) of this policy.

Table12.9

Land Restored (in acres)Total CostTotal Benefit
0\(0\)0
100\(20\)140
200\(80\)240
300\(160\)320
400\(280\)380

(a) Calculate the marginal cost and the marginal benefit at each quantity (acre) of land restored. See Production, Costs and Industry Structure if you need a refresher on how to calculate marginal costs and benefits.

b. If we apply marginal analysis, what is the optimal amount of land to be restored?
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