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Suppose a society's damage from a pollution is estimated to be the following function: MD = 1.4E. What would be the maximum level of damage
Suppose a society's damage from a pollution is estimated to be the following function: MD = 1.4E.
What would be the maximum level of damage (TDmax) in a monetary term if the uncontrolled level of emission is estimated to be 100 units? Draw the graph and show your calculations
Reference
Barry Field and Martha Field (2024), Environmental Economics, 9th Edition, McGraw-Hill.
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