PLEASE HELP! WILL RATE! Please explain how to arrive at answer. Consider the dia

Question

PLEASE HELP! WILL RATE! Please explain how to arrive at answer.

Consider the diagram to the right, which displays the marginal cost and marginal benefit of water pollution abatement in a particular city a. What is the optimal percentage degree of water cleanliness? percent. Enter a numeric response using an integer.) b. When the optimal percentage degree of water cleanliness has been attained, what price will be paid for the last unit of water cleanup? $ e 10 Marginal cost TO 5 Marginal benefit 0 10 20 30 40 50 60 70 80 90 100 Degree of Cleanliness (%)

Explanation / Answer

A> At the optimal degree of water cleanliness, the marginal benefit and marginal costs are same, thus the answer will be 45 percent.

B> The price will be 5. [Check the y coordinate of the equilibrium]

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