Problem
Optimal Pollution Abatement. Suppose the marginal benefit of pollution abatement is constant at $12 per unit. The marginal cost of abatement is $2 for the first unit abated and increases by $2 for each additional unit, to $4 for the second unit, $6 for the third unit, and so on. Draw the marginal-benefit and marginal-cost curves and show the optimum level of pollution abatement.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.