Ans is C
From economic efficiency point, per unit abatement cost should be minimised
Thus one with lowest cost per unit of abatement should be used from society’s point of view
QUESTION 30 Which abatement technology is preferred? o One with low costs o One with high...
QUESTION 28 In the context of long-term environmental change, are capital markets perfect? Yes, they reflect preferences for investment now versus investment later Yes, they are based on many persons decisions about savings and investment No, interest rates in capital markets are lower than individual interest rates No, capital markets do not reflect the preferences of future generations QUESTION 29 What changes to health status might be expected with climate change? More heat-related diseases Fewer QALYS New epidemics All of...
QUESTION 6 Which abatement techniques should be prioritized? O The lowest price techniques The highest price techniques The techniques that reduce carbon the most for dollar invested O Techniques that all countries can undertake
Carson, which uses the high-low method of estimating costs, reported total costs of $24 per unit when production was at its lowest level, at 10,000 units. When production doubled to its highest level, the total cost per unit dropped to $15. Carson would estimate variable cost per unit as
QUESTION 15 Which of these factors will increase the economic damage from climate change? O High levels of abatement Low levels of abatement O More countries abating Cheaper abatement techniques
Question Completion Status: QUESTION 13 Which of these is an abatement technique? Building a hurricane-proof house Building a flood barrier Driving less Not going outside when it is too hot QUESTION 14 What do Integrated Assessment Models try to predict? Temperature Optimal temperature at minimum economic damage O Greenhouse gas emissions Economic damages minus abatement costs QUESTION 15 Which of these factors will increase the economic damage from climate change? High levels of abatement Low levels of abatement More countries...
Georgia uses the high-low method of estimating costs. Georgia had total costs of $24,225 at its lowest level of activity, when 5.700 units were sold. When, at its highest level of activity, sales equaled 14,200 units, total costs were $83,300. Georgia would estimate variable cost per unit as: Multiple Choice O $5.40 $6.95 O O O $4.25 O O $5.87
Georgia uses the high-low method of estimating costs. Georgia had total costs of $24,225 at its lowest level of activity, when 5.700 units were sold. When, at its highest level of activity, sales equaled 14,200 units, total costs were $83,300. Georgia would estimate variable cost per unit as: Multiple Choice O $5.40 $6.95 O O O $4.25 O O $5.87
QUESTION 5 What does the Marginal Abatement Cost function show? O How much it costs to abate an extra unit of carbon O How much it costs to increase temperatures O How much it costs to abate all carbon emissions How much it costs to reduce climate change damages
QUESTION 4 What does the Social Cost of Carbon include? Only damages from climate change each year Only damages from climate change every year Future damages net of abatement Future damages plus abatement cost QUESTION 5 What does the Marginal Abatement Cost function show? How much it costs to abate an extra unit of carbon How much it costs to increase temperatures How much it costs to abate ll carbon emissions How much it costs to reduce climate change damages...
High-Low Method Liberty Inc. has decided to use the high-low method to estimate costs. The data for various levels of production are as follows: Units Produced Total Costs 7,200 $ 516,600 2,700 332,100 4,950 483,760 a. Determine the variable cost per unit and the fixed cost. Variable cost per unit $ Fixed cost $ b. Based on part (a), estimate the total cost for 3,560 units of production. $