Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 12 - E. If the firm adopts new pollution abatement technologies, then its marginal abatement cost function will become MAC = 6 - 0.5E. With an emissions tax of $3, the benefits of adopting the new technologies equal $__. Please round your final answer to two decimal places if necessary. Answer:
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- 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.Imagine a firm's marginal abatement cost function with existing technologies is: MAC = 20 E. If the firm adopts new pollution abatement technologies, its marginal abatement cost function will be: MAC = 100.5E. The adoption costs for the new technology are $4. 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. Question 14Select one: a. $20. b. $ 24. c. $10. d. $30.Imagine a firm’s marginal abatement cost function with existing technologies is: MAC = 18 – 2E. If the firm adopts new pollution abatement technologies, its marginal abatement cost function will be: MAC = 9 – E. With a tax on emissions of $4, the benefits of adopting the new technologies are $____
- Imagine a firm's marginal abatement cost function with existing technologies is: MAC = 30 – 2E. If the firm adopts new pollution abatement technologies, its marginal abatement cost function will be: MAC = 15 – E. With a tax on emissions of $6, the benefits of adopting the new technologies are $_ Answer:Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 8 - E. If the firm adopts new pollution abatement technologies, then its marginal abatement cost function will become MAC = 4 - 0.5E. Moreover, assume that the adoption costs for the new technologies are $3. If the government raises the tax on emissions from $1 to $3, then the firm's total costs increase by $____. (Hint: total costs are different from total compliance costs. Total compliance costs are the sum of TAC and tax payment, while total costs are the sum of total compliance costs and adoption costs (remember that adoption costs are only incurred if the firm actually decides to adopt the new technology).) Please round your final answer to two decimal places if necessary. THE ANSWER IS NOT 9Imagine a firm’s marginal abatement cost function with existing technologies is: MAC = 24 – 2E. If the firm adopts new pollution abatement technologies, its marginal abatement cost function will be: MAC = 12 – E. The adoption costs for the new technology are $2. If the government raises the tax on emissions from $2 to $4, the firm's total costs increase by $_____. Select one: a. $19. b. $15. c. $16. d. $21. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 8 - E. If the firm adopts new pollution abatement technologies, then its marginal abatement cost function will become MAC = 4 - 0.5E. Moreover, assume that the adoption costs for the new technologies are $3. If the government raises the tax on emissions from $1 to $3, then the firm's total costs increase by $__. (Hint: total costs are different from total compliance costs. Total compliance costs are the sum of TAC and tax payment, while total costs are the sum of total compliance costs and adoption costs (remember that adoption costs are only incurred if the firm actually decides to adopt the new technology).) Please round your final ansswer to two decimal places if necessary. Answer:Imagine a firm with a marginal abatement cost (MAC) function equal to: MAC = 32 - 4E. The government offers a $8 per-unit subsidy for abatement. In principle, the firm could ignore the subsidy and continue to emit as many emissions as it was in the absence of government intervention, but there is money to be made from cutting back its emissions. Compared to ignoring the subsidy, how much money could a cost-minimizing firm save or make by cutting back its emissions? (Hint: remember that firms trade off the benefits of the subsidy with the costs of abatement when deciding how much to abate) Answer:Consider two firms with the following marginal abatement costs (MAC) as a function of emissions (E): MAC 110-2E_1 MAC 2 = 16-4E_2. If both firms were forced to eliminate all of their emissions, their combined total abatement costs (TAC) would be Answer:
- Imagine a firm's marginal abatement cost function with existing technologies is: MAC = 10 – E. If the firm adopts new pollution abatement technologies, its marginal abatement cost function will be: MAC = 5 – 0.5E. If the government raises the tax on emissions from $2 to $4, the benefits of adopting the new technologies increase by $ Select one: a. $4. b. $8. c. $6. d. $10.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 $1 to $4, the benefits of adopting the new technologies increase by $____. Select one: a. $7.50. b. $3. c. $4.5. d. $12.. Appalachian Coal Mining believes that it can increase labor productivity and, therefore, net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is MC=40P Where P represents a reduction of one unit of pollution in the mines. It also feels that for every unit of pollution reduction the marginal increase in revenue (MR) is MR=1000-10P How much pollution reduction should Appalachian Coal Mining undertake?