EC238 Study Guide - Final Guide: Social Cost, Marginal Cost
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When total social costs are minimized, emissions are: at the socially efficient level. equal to abatement. zero. unabated. random2. What is the initial level of emissions in an industry with mdc = 200 + 4e. We cannot determine initial emissions from the mdc function. random6. The function that shows the change in damages resulting from a unit change in emissions is: the marginal damage function. the emission damage function. the ambient damage function. the total damage cost function. random3. In the following figure, the total abatement cost of abating 8 units of emissions is: a+b. Question 2 total damage cost is equal to total abatement cost. emissions of pollution are zero. marginal abatement cost equals marginal damage cost. marginal social cost equals marginal social benefits. random2. In the following diagram, the marginal damage cost of the 16th unit of emissions is: In the diagram below, the marginal cost of abating the 32nd unit of emissions is equal to:
