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By using MD1=2E and MD2=6E. The aggregate marginal damage function is found by the vertical summation of the individual damage functions. MDt=8E, where MDt is
By using MD1=2E and MD2=6E. The aggregate marginal damage function is found by the vertical summation of the individual damage functions. MDt=8E, where MDt is the marginal damage total. The marginal abatement cost is MAC=20-2E
How do I draw a graph to illustrate the efficient level of emission?
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