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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

Will a system of marketable permits work with thousands of firms? Why or why not?

Identify whether the market supply curve will shift right or left or will stay the same for the following:

a. Firms in an industry are required to pay a fine for their carbon dioxide emissions.

b. Companies are sued for polluting the water in a river.

c. Power plants in a specific city are not required to address the impact of their air quality emissions.

d. Companies that use fracking to remove oil and gas from rock are required to clean up the damage.

Suppose a city releases 16million gallons of raw sewage into a nearby lake. Table 12.8shows the total costs of cleaning up the sewage to different levels, together with the total benefits of doing so. (Benefits include environmental, recreational, health, and industrial benefits.)


Total Cost (in thousands of

dollars)


Total Benefits (in thousands of


dollars)


16 million

gallons


Current situation
Current situation

12 million

gallons


50800
8 million gallons
1501300
4 million gallons
5001650
0 gallons
12001900

a. Using the information in Table 12.8, calculate the marginal costs and marginal benefits of reducing sewage emissions for this city. See Production, Costs, and Industry Structure if you need a refresher on how to calculate marginal costs.

b. What is the optimal level of sewage for this city?

c. Why not just pass a law that firms can emit zero sewage? After all, the total benefits of zero-emissions exceed the total costs.

Would environmentalists favor command-and-control policies as a way to reduce pollution? Why or why not?

What is an externality?
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