Homework Answers
The answer is option a- Dollar value of damage per ton of carbon
The social cost of carbon is a measure of the economic harm caused by these impacts, expressed as the dollar value of the total damage caused by one ton of carbon dioxide emitted into the air.
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QUESTION 2 What does the Social Cost of Carbon tell us? Dollar value of damage per...
QUESTION 1 What will happen if we decrease our abatement of carbon over time? OEconomic damages...
QUESTION 1 What will happen if we decrease our abatement of carbon over time? OEconomic damages will decrease Economic damages will increase The optimal temperature goal will decrease Economic damages will be unchanged QUESTION 2 What does the Social Cost of Carbon tell us? Dollar value of damage per ton of carbon Dollar value of abatement per ton of carbon Amount paid by taxpayers to offset carbon emissions Amount paid by the government to encourage non-carbon energy sources QUESTION 3...
QUESTION 12 What does a damage function measure? The amount of carbon stock in the atmosphere...
QUESTION 12 What does a damage function measure? The amount of carbon stock in the atmosphere The dose-response function from climate change to economic value The optimal level of abatement The link between climate change and emissions
QUESTION 4 What does the Social Cost of Carbon include? Only damages from climate change each...
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...
QUESTION 34 What is abatement? Getting used to climate change Reducing damages by mitigation Not emitting...
QUESTION 34 What is abatement? Getting used to climate change Reducing damages by mitigation Not emitting carbon Cleaning up damages from emissions QUESTION 35 Which of the following is not an economic metric for estimating climate change damages? Social damage as a function of GDP social cost of carbon O optimal temperature conditional on abatement and damage total stock of carbon emissions QUESTION 36 Is the social discount rate a constant value? Yes, it is always positive No, it can...
QUESTION 4 What does the Social Cost of Carbon include? o Only damages from climate change...
QUESTION 4 What does the Social Cost of Carbon include? o Only damages from climate change each year Only damages from climate change every year O Future damages net of abatement O Future damages plus abatement cost
Question 9 (1 point) Consider the figure below. What is the dollar value of the total...
Question 9 (1 point) Consider the figure below. What is the dollar value of the total abatement cost of reducing emissions from the unregulated quantity to the socially-efficient quantity? MD S60 $50 NMAC $30 250 1,000 SO2 emissions (tons) Question 10 (1 point) S6o $50 MAC $30 250 1,000 SO2 emissions (tons) Consider the figure above. What is the dollar value of the net social benefit (net gain) of reducing emissions from the unregulated quantity to the socially-efficient quantity?
Question Completion Status: QUESTION 31 Why is abatement so important? Because it can offset damages Because...
Question Completion Status: QUESTION 31 Why is abatement so important? Because it can offset damages Because requires us to give up resources in the present Because it reduces the need to adapt All of the above QUESTION 32 Why do individual people discount the future? they think the future will be worse they think the future is worth more than the present they are impatient the present is uncertain QUESTION 33 What do inwestors discount the future? they think investments...
Question 1 (1 point) 0.5E, the total damage cost of 20 units of For a marginal...
Question 1 (1 point) 0.5E, the total damage cost of 20 units of For a marginal damage function equal to: MD emissions is __.- not possible to tell with the information given $100 $200 $10 Question 2 (1 point) Consider the following graph. What is the socially-efficient level of emissions? The equation for the marginal damages function is: MD 200 E MDC 900 200 MAC 1200 Emissions Question 3 (1 point) Suppose MAC1 100- 10E, MAC2 50 10E and MD...
QUESTION 5 What does the Marginal Abatement Cost function show? O How much it costs to abate an extra unit of carbon O...
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 5 (1 point) There are three polluting sources with the following functions: MAC1 100 4E1,...
Question 5 (1 point) There are three polluting sources with the following functions: MAC1 100 4E1, MAC280 - 2E2 and MAC3 60-0.5E3. Suppose that, at the socially-efficient emissions level, MACT $10. What is the socially-efficient level of emissions? Question 6 (1 point) There are three polluting sources with the following functions: MAC1 100 4E1, MAC280 - 2E2 and MAC3 60- 0.5E3. Suppose that, at the socially-efficient emissions level, MACT $10. What is the total abatement cost? Question 7 (1 point)...
QUESTION 1 What will happen if we decrease our abatement of carbon over time? OEconomic damages will decrease Economic damages will increase The optimal temperature goal will decrease Economic damages will be unchanged QUESTION 2 What does the Social Cost of Carbon tell us? Dollar value of damage per ton of carbon Dollar value of abatement per ton of carbon Amount paid by taxpayers to offset carbon emissions Amount paid by the government to encourage non-carbon energy sources QUESTION 3...
QUESTION 12 What does a damage function measure? The amount of carbon stock in the atmosphere The dose-response function from climate change to economic value The optimal level of abatement The link between climate change and emissions
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...
QUESTION 34 What is abatement? Getting used to climate change Reducing damages by mitigation Not emitting carbon Cleaning up damages from emissions QUESTION 35 Which of the following is not an economic metric for estimating climate change damages? Social damage as a function of GDP social cost of carbon O optimal temperature conditional on abatement and damage total stock of carbon emissions QUESTION 36 Is the social discount rate a constant value? Yes, it is always positive No, it can...
QUESTION 4 What does the Social Cost of Carbon include? o Only damages from climate change each year Only damages from climate change every year O Future damages net of abatement O Future damages plus abatement cost
Question 9 (1 point) Consider the figure below. What is the dollar value of the total abatement cost of reducing emissions from the unregulated quantity to the socially-efficient quantity? MD S60 $50 NMAC $30 250 1,000 SO2 emissions (tons) Question 10 (1 point) S6o $50 MAC $30 250 1,000 SO2 emissions (tons) Consider the figure above. What is the dollar value of the net social benefit (net gain) of reducing emissions from the unregulated quantity to the socially-efficient quantity?
Question Completion Status: QUESTION 31 Why is abatement so important? Because it can offset damages Because requires us to give up resources in the present Because it reduces the need to adapt All of the above QUESTION 32 Why do individual people discount the future? they think the future will be worse they think the future is worth more than the present they are impatient the present is uncertain QUESTION 33 What do inwestors discount the future? they think investments...
Question 1 (1 point) 0.5E, the total damage cost of 20 units of For a marginal damage function equal to: MD emissions is __.- not possible to tell with the information given $100 $200 $10 Question 2 (1 point) Consider the following graph. What is the socially-efficient level of emissions? The equation for the marginal damages function is: MD 200 E MDC 900 200 MAC 1200 Emissions Question 3 (1 point) Suppose MAC1 100- 10E, MAC2 50 10E and MD...
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 5 (1 point) There are three polluting sources with the following functions: MAC1 100 4E1, MAC280 - 2E2 and MAC3 60-0.5E3. Suppose that, at the socially-efficient emissions level, MACT $10. What is the socially-efficient level of emissions? Question 6 (1 point) There are three polluting sources with the following functions: MAC1 100 4E1, MAC280 - 2E2 and MAC3 60- 0.5E3. Suppose that, at the socially-efficient emissions level, MACT $10. What is the total abatement cost? Question 7 (1 point)...
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