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Minnesota has two oil refineries that emit methane gas. The Bend refinery emits 300 units of methane, and the Park refinery emits 900 units. Government regulators would like to reduce total methane emissions from 1,200 to 900 units. Bend's total abatement and marginal abatement costs are TCB = 400QB + 4QB2 and MACB = 400 + 8QB, where Q is units of methane. Park's total abatement cost and marginal abatement costs are TCP = 40QP + 2QP2 and MACP = 40 + 4QP.
Suppose that the government regulators evenly split 900 methane pollution permits between the two refineries. The total cost of removing 300 units of methane, using a tradable permit system is $____.
Query Design
The planning and creation process of queries in databases or search engines to retrieve specific data based on certain criteria or conditions.
Top Values Query
A type of query that retrieves a specified number or percentage of records from the top of a sorted list.
Unsorted Records
Unsorted Records refers to data entries in a database or dataset that are not arranged in any specific order, such as alphabetical or numeric.
Aggregate Function
A function in database management that performs a calculation on a set of values and returns a single value, such as sum, average, count, min, and max.
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