question archive 1) Please explain the impact of a change in the savings rate on the output
1) Please explain the impact of a change in the savings rate on the output
Subject:EconomicsPrice: Bought3
1) Please explain the impact of a change in the savings rate on the output.
2) By using MD1=2E and MD2=6E. The aggregate marginal damage function is found by the vertical summation of the individual damage functions. MDt=8E, where MDt is the marginal damage total. The marginal abatement cost is MAC=20-2E
How do I draw a graph to illustrate the efficient level of emission?
3) Assume two individuals, living by a lake, pollute the water. The marginal damage functions of two households is given by MD1=2E and MD2=6E. Because pollution is a non-rival and is bad, the aggregate marginal damage function is found by the vertical summation of the individual damage functions. Thus, MDt=8E, where MDt is the marginal damage total. The marginal abatement cost is MAC=20-2E
At the efficient level of emission, calculate the total abatement cost and the total damage?
