3. The total (abatement) cost for cutting down on CO2 by R is C(R) = 7R² + 10R. The total benefit of CO2 abatement to the society is B = 100R.. Compute the socially optimal level of abatement (pollution control).

3. The total (abatement) cost for cutting down on CO2 by R is C(R) = 7R² + 10R. The total benefit of CO2 abatement to the society is B = 100R.. Compute the socially optimal level of abatement (pollution control).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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3. The total (abatement) cost for cutting down on CO2 by R is C(R) = 7R²+10R. The total benefit of CO2
abatement to the society is B = 100R.. Compute the socially optimal level of abatement (pollution control).

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