$\text {Table \(28.1\)}$ Refer to Table 28

question 102

Multiple Choice

$\begin{array}{l}\begin{array}{ccc}\text { Reduction in Emissions}& \text {MC to Reduce Emissions} & \text {MC to Reduce Emissions }\\\text { (in tons) } & \text { by Steel Plant } & \text { by Paper Plant } \\\hline 1 & \$ 400 & \$ 200 \\2 & 500 & 280 \\3 & 600 & 320\end{array}\end{array}$
$\text {Table \(28.1\) }$ Refer to Table 28.1.Suppose the government allows these two firms to trade pollution permits.The most efficient transaction would result in

• A)An increase in emissions by the steel plant and a reduction by the paper plant.
• B)A reduction in emissions by the paper plant and no change for the steel plant.
• C)An increase in emissions by both plants.
• D)A decrease in emissions by both plants.

---

Definitions:

Sample Size

The number of observations or data points collected in a sample from a population, used for making estimations or testing hypotheses.

Finite Population Correction Factor

An adjustment applied in statistical calculations to account for the effect of sampling from a finite population, as opposed to an infinite one.

Sample Size

The number of observations or data points selected from a population for the purpose of statistical analysis.

Confidence Interval

A stretch of values, resulting from sample analytics, projected to envelop the value of a hidden attribute in a population.