Solve the Problem $$\ln ( 1 - \mathrm { P } ) = - 0.0025 - 0.0046 \mathrm { x }$$

question 335

Multiple Choice

Solve the problem.
-Suppose the government wants to impose a tax on fossil fuels to reduce carbon emissions. The cost benefit is modeled by $$\ln ( 1 - \mathrm { P } ) = - 0.0025 - 0.0046 \mathrm { x }$$ where x represents the dollars of tax per ton of
Carbon emitted and P represents the percent reduction in emissions of carbon. (P is in decimal
Form.) Determine P when x = 62. Round to three decimal places.

• A) -0.15
• B) 1.750
• C) -0.246
• D) 0.25

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Definitions:

Refuse To Honor

The act of not accepting, acknowledging, or fulfilling an agreement, request, or instruction.

Enough Money

Implies having sufficient funds to meet needs, obligations, or desired goals without financial strain.

Sue

The act of bringing a legal action against an individual or entity to seek redress or enforcement of rights.

Check

A draft drawn on a bank and payable on demand.