Let MAC1 = 100 – 10 E and MAC2 = 50 – 10 E. Graph each function and compute the aggregate MAC curve.
Let MAC1 = 100 − 10
E and MAC2 = 50 − 10
E.Graph each function and compute the aggregate MAC curve. Let MD=
E. Suppose a technological change occurs thatreduces the marginal costs of abatement for polluter 1 in the aboveequation to that of polluter 2. How does this affect the sociallyefficient level of pollution? Solve numerically andgraphically. . . .
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