Mindtap Economics, 1 Term (6 Months) Printed Access Card For Arnold's Macroeconomics, 13th
13th Edition
ISBN: 9781337621397
Author: Arnold, Roger A.
Publisher: Cengage Learning
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Chapter A, Problem 8QP
To determine
When is a pie chart is better than a bar graph for illustrating data.
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4. Consider two polluting firms, with the marginal abatement costs of polluters 1 and 2,
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MAC₁ = 20-E1
MAC2 = 12-E2
a. What is the unregulated level of pollution for each firm?
b. Assume policymakers have decided to cut the level of pollution in half. The way they
intend to accomplish this goal is to require both firms to cut their pollution in half. What
are the total costs of abatement from the policy? And how are these costs distributed
between the firms?
c. Is this uniform quota on emissions across firms the most cost-effective manner in which
to reduce emissions by 50%?
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Mindtap Economics, 1 Term (6 Months) Printed Access Card For Arnold's Macroeconomics, 13th
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