Let social cost of carbon in 2071 = $100 per ton of CO2, where the social discount rate = 2%. Calculate step by step (without excel) The SCC or social cost of carbon = € 61,40, if the social discount rate how 3%?
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Let social cost of carbon in 2071 = $100 per ton of CO2, where the social discount rate = 2%.
Calculate step by step (without excel) The SCC or social cost of carbon = € 61,40, if the social discount rate how 3%?
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- A university spent $1.5 million to install solar panels atop a parking garage. These panels will have a capacity of 200 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 10%, that electricity can be purchased at $0.30 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first. Approximately how many hours per year will the solar panels need to operate to enable this project to break even? 1,468.26 2,936.51 3,230.16 4,111.11 If the solar panels can operate only for 2,643 hours a year at maximum, the project Continue to assume that the solar panels can operate only for 2,643 hours a year at maximum. break even. In order for the project to be worthwhile (1.e., at least break even), the university would need a grant of at least,The impact of some pollutants results from their accumulating stock. Suppose a government policy limits emissions of such a pollutant to a constant 125 units per year. Further suppose these emissions dissipate at a rate of 3 percent per year. What will be the maximum stock of emissions that will accumulate over time? If this level of emissions continued forever, the stock will eventually reach integer.) units. (Enter your response rounded to the nearestA university spent $1.6 million to install solar panels atop a parking garage. These panels will have a capacity of 700 kilowatts (kW) and have a life expectancy of 20 years. Suppose that the discount rate is 20%, that electricity can be purchased at $0.30 per kilowatt-hour (kWh), and that the marginal cost of electricity production using the solar panels is zero. Hint: It may be easier to think of the present value of operating the solar panels for 1 hour per year first. Approximately how many hours per year will the solar panels need to operate to enable this project to break even? 1,564.62 2,503.39 625.85 If the solar panels can operate only for 1,408 hours a year at maximum, the projectwould break even. Continue to assume that the solar panels can operate only for 1,408 hours a year at maximum. In order for the project to be worthwhile (i.e., at least break even), the university would need a grant of at least
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- Acres Sophia Amber Cedric 1 $12 $24 $6 2 8 18 3 10 4 3 8 3 1 6. 2 6 4 1 7 2 Consider the town of Springfield with only three residents, Sophia, Amber, and Cedric (see the Table). The three residents are trying to determine how large, in acres, they should build the public park. Suppose the cost to build the park is $12 per acre and that the residents have agreed to split the cost of building the park equally. If the residents vote to determine the size of park to builo basing their decision solely on their own willingness to pay (and trying to maximize their own surplus), what is the largest park size for which the majority of residents would vote "yes?" 1 acre 2 acres 3 acres 4 acres11 Consider a public good, G, that is shared by Consumer A and B. Each can purchase G at the price of $20 per unit. A's marginal benefit from this public good is given by MBA=50-G. If A thinks B is getting 10 units of G, then A's optimal contribution into G will be ? units. On the other hand, if A thinks B is getting 25 units of G, then A's will be optimal contribution into G will be ?unitsConsider the following graph that shows the marginal abatement cost (MAC) curve for a coal power plan for reducing local air pollution and the marginal damage (MD) curve for those living around the coal power plant. MD (E) MAC (E b. Emissions E-0 E EL E-Max AMax Or Abatement E A-0 What are the total abatement costs at E' (enter your answer with the letters and "+" signs as "a+b+c+d+e+f", without the quotation marks. What are the total abatement costs at E-0 (enter your answer with the letters and "+" signs as as "a+b+c+d+c+f", without the quotation marks. If the property rights were with the coal power plant how much Emissions would we see? (enter one of the following, "E-0", "E", "E1", "E-Max") If the property rights were with the people how much Emissions would we see? (enter one of the following. "E-0", "E", "E1 "E-Max") What is the socially optimal level of emissions (choose from one of the following and enter as written without the quotation marks, "E-0". "E"E1 "E-Max").
- 1. Transportation costs per ton of product vary with distance. For trucks: TC₁ = 2 +1.5d For rail: TC, = 4+d For barge: TC₁ = 6+.75d where d is the distance in miles and TC is dollars per ton. Make a table that includes the costs for each method from d= 1, 2 ...5, and what is the most efficient mode of transportation at each distance.Imagine a firm’s marginal abatement cost function with existing technologies is: MAC = 12 – E. If the firm adopts new pollution abatement technologies, its marginal abatement cost function will be: MAC = 6 – 0.5E. The adoption costs for the new technology are $6. If the government raises the tax on emissions from $2 to $4, the firm's total costs increase by $_____. HINT: Total costs include tax payments, total abatement costs, and (if relevant) adoption costs for the new technology. Select one: a. $12. b. $8. c. $10. d. $16.Suppose an unvaccinated man Tom would get $10 of private benefit out of a flu shot. The flu shot costs $20 at the local clinic. The herd immunity benefit of the shot is worth an additional $15 to Tom's friends and co-workers. (1) What is the private cost incurred when Tom gets the shot? (2) Is it privately efficient for Tom to get the shot? (3) What is the public or social cost incurred when Tom gets the shot? (4) What is the public or social benefit when Tom gets the shot? (5) Is it publicly/socially efficient for Tom to get the shot? Hint: please consider only the information provided in the question. Any other potential cost or benefit can be ignored. Please explain your answers. Do not simply provide a Yes or No as the answer. If it involves calculations, show your steps.
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