Engineering Economy, Student Value Edition (17th Edition)
17th Edition
ISBN: 9780134838137
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher: PEARSON
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Question
Chapter 1, Problem 1P
a.
To determine
The implicit cost of a ton of greenhouse gas.
a.
Expert Solution
Explanation of Solution
The reduced greehouse gases per year can be calculated as follows.
The reduced greehouse gases per year is 3,100,000.
The implicit cost of a ton of greenhouse gas can be calculated as follows.
The implicit cost of greenhouse gas per year is $387.10 per ton.
b.
To determine
The cost to reduce the total emission by 3% over next five years.
b.
Expert Solution
Explanation of Solution
The reduced greehouse gases per year can be calculated as follows.
The reduced greehouse gases per year is 90,000,000.
The cost to reduce the total emission can be calculated as follows.
The cost to reduce the total emission by 3% over next five years is $340,870,000,000.
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Chapter 1 Solutions
Engineering Economy, Student Value Edition (17th Edition)
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