Q11Q12: Both questions correlate with each other. Complete the following using the graph Question Q11There is an improvement in abatement technology. Draw any changes to the graph below thatindicates the improvement in technology. Draw arrows to indicate the direction of the change.Dollars (Millions)4.543.5321.510.500.51Nitrate Contamination (Mg/L)1.5Question Q12Clearly show and label the total abatement cost (TAC) at the initial level of optimal abatementand clearly show and label the total abatement cost (TAC) at the new level of optimalabatement. The edges of the areas must be clear.10/14

Abatement Costs are a decreasing function of total emission as the marginal cost is declining .…

Question Q11 There is an improvement in abatement technology. Draw any changes to the graph below that indicates the improvement in technology. Draw arrows to indicate the direction of the change. 4.5

Question Q11 There is an improvement in abatement technology. Draw any changes to the graph below that indicates the improvement in technology. Draw arrows to indicate the direction of the change. 4.5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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