AEM 2500 Homework 7 fall 2010

AEM 2500 Homework 7 fall 2010 - AEM 2500, Environmental and...

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Homework #6: Pollution Policies (Distributed Oct. 29, 2010, due by 9:00 AM, Nov. 5 in Red Box outside Warren 102) 10 Points. All graphs should be clearly labeled and all other work legible. If we are unable to interpret your work, you will receive a lower score. 1. (Optimal level of pollution: Worth 20 percent ) You are an EPA economist. After extensive research, you have estimated the marginal benefit curves reported below for two categories of “air quality consumers,” with respect to sulfur emissions reductions as: MB 1 = $1.5 - .0075E MB 2 = $0.5 - .0025E E denotes the amount of sulfur emissions reduction (abatement). Assume there are only two point sources of sulfur dioxide to worry about: the power company and the copper smelter indicated below and discussed in class. Source: Chapman 2000, p. 204. Use the following Minimum Marginal Pollution Control Cost curve derived from the abatement cost information in Table 11.9 above. Be sure to understand how this minimum abatement cost function was calculated. 15
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This note was uploaded on 12/20/2010 for the course AEM 25 at Cornell University (Engineering School).

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AEM 2500 Homework 7 fall 2010 - AEM 2500, Environmental and...

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