2. A polluter with MAC = 120 - 2E faces an emission tax rate of $30/units. If its marginal abatement cost function shifts down to MAC = 80 - 2E due to adoption of a new technology, then what is the amount of cost-savings achieved by the polluter from adopting the new technology? What is the maximumn amount the polluter is likely to pay for the new technology? Draw a graph to illustrate your answer.

2. A polluter with MAC = 120 - 2E faces an emission tax rate of $30/units. If its marginal abatement cost function shifts down to MAC = 80 - 2E due to adoption of a new technology, then what is the amount of cost-savings achieved by the polluter from adopting the new technology? What is the maximumn amount the polluter is likely to pay for the new technology? Draw a graph to illustrate your answer.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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a) For each, find the expressions for marginal utilities and the marginal rate of substitution, and determine whether monotonicity and convexity are met.
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