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Economics

Suppose the following table describes the marginal costs and marginal benefits of waste (garbage) reduction. What is the optimal amount of garbage? What is the situation if no garbage is allowed to be produced?

Percentage of Waste Eliminated/Marginal Costs (millions of dollars)/Marginal Benefits (millions of dollars)

10%/10/1,000

20%/15/500

30%/25/100

40%/40/50

50%/70/20

60%/110/5

70%/200/3

80%/500/2

90%/900/1

100%/2,000/0

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9474248

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