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Required Textbooks: Environmental Economics and Management: Environmental Economics Theory, Policy, and Applications (Supplementary to Callan and Thomas) Scott J. Callan, Janet M. Thomas Barry C.

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Required Textbooks: Environmental Economics and Management: Environmental Economics Theory, Policy, and Applications (Supplementary to Callan and Thomas) Scott J. Callan, Janet M. Thomas Barry C. Field, Martha K. Field Cengage, ISBN: 13:978-1-111-82667-3 McGraw-Hill, ISBN: 978-1-260-24306-2 If you prefer an eBook, you may purchase Callan and Thomas's book from the following link.Question 1 5 pts Polluter 1's Marginal Abatement Cost (MACI): MACI = 8Al Polluter 1's Total Abatement Costs (TACI): TACI =4(A1)2 Polluter 2's Marginal Abatement Cost (MAC2): MAC2 =2A2 Polluter 2's Total Abatement Costs (TAC2): TAC2 = (A2)2 Consider the above information which shows the abatement cost conditions for two polluters. The government has determined to assign uniform abatement standard of A1 = A2 = 10 (where A1 is the abatment done by firm 1 and A2 is the abatement done by firm2). As a government advisor, please determine which of the following allocations conform to the equimarginal principle of optimality. O A1 = A2 = 10. O A1 = 16 and A2 = 4. O A1 = 4 and A2 = 16. O A1 = 2 and A2 = 8. O A1 = 8 and A2 = 2. MacBook Pro & %Question 9 5 pts Pric MSC E MPC B MSB = MPB K Q of chemical solvents In the above graph, the reduction in damages to the environment from changing its output from quantity at point L to the quantity at point K is O EH O DG O DEHG O DGH MacBook Pro

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