Explain the economically efficient level of emissions

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Assignment:

Suppose that, for a particular kind of pollutant, it is known that the marginal damage function is given by MD = 200 + E and the marginal abatement cost function is given by MAC = 100 - E, where E represents aggregate emissions per month of the pollutant. Construct a graph illustrating these assumptions and find the economically efficient level of emissions per month for this pollutant (both numerically and on your graph), and explain what it means to be economically efficient.

Reference no: EM133389362

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