Minnesota Has Two Oil Refineries That Emit Methane Gas

question 56

Essay

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 TC_B = 400Q_B + 4Q_B² and MAC_B = 400 + 8Q_B, where Q is units of methane. Park's total abatement cost and marginal abatement costs are TC_P = 40Q_P + 2Q_P² and MAC_P = 40 + 4Q_P.
a. Suppose that government regulators require each refinery to remove 150 units of methane. What is the total cost of removing these 300 units (TC_B + TC_P)?
b. Now suppose that the government regulators evenly split 900 methane pollution permits between the two refineries. What is the total cost of removing 300 units of methane, using a tradable permit system?

Evaluate assessment findings to identify inconsistencies or unmet expectations.

Respect and integrate cultural and religious practices in patient care.

Identify and manage collaborative problems requiring both nursing and physician-prescribed interventions.

Establish appropriate nursing diagnoses based on assessment data.

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Definitions:

Administrative Costs

Expenses associated with daily operations of managing a business or organization, including office supplies, salaries of non-production staff, and utilities.

Customer Classification Departments

Divisions within a company that segment customers based on various criteria to tailor marketing and service delivery.

Mercy Medical Center

A healthcare institution providing medical care and services; without specific details, this can refer to any one of several hospitals by the same name in different locations.

Rule Utilitarianism

An ethical theory that suggests the rightness or wrongness of an action should be judged by the rules that are followed, and that these rules should be chosen based on the utility or happiness they produce.