Following Questions are based on the following information.
In a small city located on a lake,the raw sewage of the city is dumped directly into the lakE.This has been a source of distress for citizens who like to swim,fish,and water ski.A study has been instituted to determine what value the citizens place on pollution control,and the results are listed in the following tablE.Costs of pollution control are also listed.
-As the units of pollution control increase,the MSB of controlling pollution is
Definitions:
Resources
The total means available for economic and political development, such as mineral wealth, labor force, and armaments.
Government Purchases
Expenditures by government bodies on goods and services that directly absorb resources or satisfy human wants.
Tax Freedom Day
Tax Freedom Day represents the day of the year by which a nation’s citizens have collectively earned enough income to pay their total tax bill for the year, symbolizing the tax burden on taxpayers.
State Governments
The governing bodies of individual U.S. states, responsible for making and enforcing laws within their own jurisdictions.
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