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Refer to following table, if the group living in the house consists of Students A, B, and C, the socially optimal level of CO concentrations is Table. Individual Demand for Lowering Indoor Carbon Monoxide in $/yr. Three Students Share a Home. MWTP is marginal willingness to pay. Student A MWTP 45 50 ppm 60 ppm 70 ppm 80 ppm 90 ppm Student B MWTP 0 Student C MWTP 5 Marginal Cost of Cleanup O 70 ppm O 80 ppm O $70/yr O 50ppm 240 55 0 10 150 70 10 15 95 85 35 20 65 110 60 30 50

Refer to following table, if the group living in the house consists of Students A, B, and C, the socially optimal level of CO concentrations is Table. Individual Demand for Lowering Indoor Carbon Monoxide in $/yr. Three Students Share a Home. MWTP is marginal willingness to pay. Student A MWTP 45 50 ppm 60 ppm 70 ppm 80 ppm 90 ppm Student B MWTP 0 Student C MWTP 5 Marginal Cost of Cleanup O 70 ppm O 80 ppm O $70/yr O 50ppm 240 55 0 10 150 70 10 15 95 85 35 20 65 110 60 30 50

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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D Refer to following table, if the group living in the house consists of Students A, B, and C, the socially optimal level of CO concentrations is Table. Individual Demand for Lowering Indoor Carbon Monoxide in $/yr. Three Students Share a Home. MWTP is marginal willingness to pay. Student A MWTP 45 Student B MWTP Student C MWTP Marginal Cost of Cleanup O 70 ppm O 80 ppm O $70/yr O 50 ppm 50 ppm 60 ppm 70 ppm 80 ppm 90 ppm Question 7 0 5 240 55 0 10 150 70 10 15 95 85 35 20 65 110 60 30 50 1 pts
Transcribed Image Text:D Refer to following table, if the group living in the house consists of Students A, B, and C, the socially optimal level of CO concentrations is Table. Individual Demand for Lowering Indoor Carbon Monoxide in $/yr. Three Students Share a Home. MWTP is marginal willingness to pay. Student A MWTP 45 Student B MWTP Student C MWTP Marginal Cost of Cleanup O 70 ppm O 80 ppm O $70/yr O 50 ppm 50 ppm 60 ppm 70 ppm 80 ppm 90 ppm Question 7 0 5 240 55 0 10 150 70 10 15 95 85 35 20 65 110 60 30 50 1 pts
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