9. It's this question. The one where you're asked to find the areas and stuff. It's just like the question from the homework and most of the recent final exams. Here's the diagram: $400 MAC MD $240 $0 Tons of Emissions 80 120 A. If there's an emission fee that results in the optimal level of emissions, what will be the total amount of the fees paid? B. What's the total value of the damage done at the optimal level of emissions, and how does that compare to the fees paid? Does that seem right? C. What is the total abatement cost at the efficient level of emissions? D. Can you figure out what the dead weight loss would be if there were no regulation and emitters were free to emit as much as they wanted? It's a bit of algebra, sure, but give it a shot. Algebra is fun or something.
9. It's this question. The one where you're asked to find the areas and stuff. It's just like the question from the homework and most of the recent final exams. Here's the diagram: $400 MAC MD $240 $0 Tons of Emissions 80 120 A. If there's an emission fee that results in the optimal level of emissions, what will be the total amount of the fees paid? B. What's the total value of the damage done at the optimal level of emissions, and how does that compare to the fees paid? Does that seem right? C. What is the total abatement cost at the efficient level of emissions? D. Can you figure out what the dead weight loss would be if there were no regulation and emitters were free to emit as much as they wanted? It's a bit of algebra, sure, but give it a shot. Algebra is fun or something.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
ChapterA: The Use Of Mathematics In Principles Of Economics
Section: Chapter Questions
Problem 3RQ: Exercise A3 What dome slices of a pie chart represent?
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