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

Understand the concept of economies of scale and its significance in international trade.

Recognize the implications of different trade theories for economic growth and specialization.

Understand the significance of balance of trade and measures to manage it.

Understand the basic principles of debits and credits in accounting transactions.

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