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Use the following information for questions
Hermantic, Inc.can produce 100 units of a component part with the following costs:
-If Hermantic, Inc.purchases the units externally for $80,000, by what amount will its total costs change?
Marginal Cost
The cost of producing one additional unit of a good or service.
Abating Emissions
The process of reducing the amount of pollutants released into the atmosphere.
Emissions
The act of releasing substances, especially gases or radiation, into the environment as a byproduct of activities like manufacturing or driving.
Emissions Fee
Charge levied on each unit of a firm’s emissions.
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