Opportunity cost of abatement: C(x) = 0.6x+1.5×2
Benefits of abatement: B(x) = 12x-0.7×2
Total abatement functions show below
Answer the following questions:
What is the cost of the first unit of abatement? The 5th and 10th units?
What is the social benefit of the 1st, 5th and 10th units of abatement?
What do marginal abatement functions look like? (write down Marginal abatement functions)
What is the efficient level of abatement?
Place this order or similar order and get an amazing discount. USE Discount code “GET20” for 20% discount
