Costs and Benefits for Control of Nitrogen Oxide Emissions ($mil) Total Marginal % NOX Total Cost Benefit Marginal Benefit abatement (TC) (тв) Cost (MC) (MB) Marginal Net Benefit Total Net Benef 10 50 400 8.00 20 110 780 7.09 30 180 1130 6.28 40 320 1440 4.50 50 590 1710 2.90 60 930 1820 1.96 70 1420 1890 1.33 80 2020 1910 0.95 90 2860 1915 0.67

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter16: Information, Risk, And Insurance
Section: Chapter Questions
Problem 18RQ: What are some of the metrics economists use to measure health outcomes?
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Costs and Benefits for Control of Nitrogen Oxide Emissions ($mil)
Total
Marginal
Total Cost Benefit Marginal Benefit
% NOX
abatement
(TC)
(TB)
Cost (MC)
(MB)
Marginal Net Benefit Total Net Benefit
10
50
400
8.00
20
110
780
7.09
30
180
1130
6.28
40
320
1440
4.50
50
590
1710
2.90
60
930
1820
1.96
70
1420
1890
1.33
80
2020
1910
0.95
90
2860
1915
0.67
100
3870
1917
0.50
Transcribed Image Text:Costs and Benefits for Control of Nitrogen Oxide Emissions ($mil) Total Marginal Total Cost Benefit Marginal Benefit % NOX abatement (TC) (TB) Cost (MC) (MB) Marginal Net Benefit Total Net Benefit 10 50 400 8.00 20 110 780 7.09 30 180 1130 6.28 40 320 1440 4.50 50 590 1710 2.90 60 930 1820 1.96 70 1420 1890 1.33 80 2020 1910 0.95 90 2860 1915 0.67 100 3870 1917 0.50
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