What is the minimum total payment the community will accept

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Reference no: EM13244580

optimal level of pollution is 12 gallons while current levelis 10 gallons of pollution.

MB=15-Qp
MD=-3+0.5Qp

Suppose the community has the right to clean water. The factoryowner wants to increase the level of pollution from the current 10gallons per day to the optimal level. What is the maximum totalpayment that the factory will be willing to offer the community forthis? What is the minimum total payment the community will accept?

Reference no: EM13244580

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