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Directions: Please complete the following questions. You must provide typewritten responses. Please use the equation editor when preparing mathematical responses. Please use a graphing application

image text in transcribed Directions: Please complete the following questions. You must provide typewritten responses. Please use the equation editor when preparing mathematical responses. Please use a graphing application of your choice to generate graphs. 3) Define and discuss the concepts of Marginal Damage and Marginal Abatement Cost. In your discussion be sure to address how economists can measure marginal damages and provide specific examples of estimates of these damages highlighted in the readings. With respect to marginal abatement costs be sure to clearly define the concept and provide specific examples of abatement cost estimates associated with Climate Change mitigating activities. Prepare a graph MDF and MAC functions which illustrates the issues you discuss

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