Recall the Application About the Marginal Cost and Marginal Benefit

question 69

Multiple Choice

Recall the application about the marginal cost and marginal benefit of reducing methane emissions.What does the optimal level of methane abatement depend on?

• A)the level at which the polluting firms are able to maximize their profits
• B)the total cost of abatement
• C)the marginal benefit of abatement
• D)It is not possible to determine an optimal level of methane.

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Definitions:

Creditors

People or organizations that are creditors to whom debtors or borrowers owe money.

Novation

The replacement of an original contract with a new one, where a new party takes over the rights and duties of the original party, with the consent of all parties involved.

Extended Credit

A financial arrangement that allows borrowers extended time to pay off a debt beyond the typical due date, often involving interest or financing fees.

Release

In legal terms, a contract or agreement which frees one or more parties from liability, claims, or obligations.