Refer Table 1 Above

question 10

Multiple Choice

Refer Table 1 above. The table reveals the marginal abatement costs of three firms related to the quantity of emissions. Each firm is now emitting 10 tons/week, so total emissions are 30 tons/week. Suppose we wish to reduce total emissions by 50 percent, to 15 tons per week. What is the cost of this reduction via the equimarginal principle?

• A) $33
• B) $69
• C) $72
• D) $96

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Definitions:

Steam

The gas phase of water, produced when water boils, transferring heat energy and being used in various industrial and cooking processes.

Crystalline

Consisting of or containing crystals, or being structured in a way that forms a repeating pattern at the atomic or molecular level.

Lattice Structure

The regular, repeated three-dimensional arrangement of atoms, ions, or molecules in a metal or other crystalline solid.

Oxidized

A chemical change in which a substance loses electrons, often associated with the addition of oxygen or the loss of hydrogen.