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(a) Suppose there are two sectors in the NZ economy -transport, electricity and agriculture. The marginal abatement cure for transport is MACT=12XT and for electricity

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(a) Suppose there are two sectors in the NZ economy -transport, electricity and agriculture. The marginal abatement cure for transport is MACT=12XT and for electricity it is MACE=6XE. Initial emissions for electricity are 14 Mt, and for transport 36Mt. Total emissions are 50Mt. X is emission reductions for the different sectors.

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