Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
Marginal Abatement Cost Function and Marginal Damage Function Term Paper
Suppose that the Marginal Abatement Cost function and the Marginal Damage function for an
industry are given as follows:
MAC = 80 – 0.2e
MD = 0.3e
For simplicity here, we are assuming that they are linear. Suppose further that the emissions of
the pollutant in question are governed by a Cap and Trade program.
a. In order for the program to be efficient, how many pollution permits would have to be
issued? Explain.
b. What would be the expected market price of a permit if the efficient number of permits is
issued? Explain.
c. What is total cost of the permits used by firms across the industry? Explain.
d. What is the total abatement cost incurred? Explain.
e. How would the total cost (cost of pollution permits plus abatement cost) to firms compare
to the total cost to firms in the case when an efficient emissions tax is imposed? Is it
higher? Is it lower? If so, why? Explain.
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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Marginal Abatement Cost Function and Marginal Damage Function Term Paper |
Marginal Abatement Cost Function and Marginal Damage Function Term Paper