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Solve the Problem ln(1P)=0.00250.0046x\ln ( 1 - \mathrm { P } ) = - 0.0025 - 0.0046 \mathrm { x }

Question 335

Multiple Choice

Solve the problem.
-Suppose the government wants to impose a tax on fossil fuels to reduce carbon emissions. The cost benefit is modeled by ln(1P) =0.00250.0046x\ln ( 1 - \mathrm { P } ) = - 0.0025 - 0.0046 \mathrm { x } where x represents the dollars of tax per ton of
Carbon emitted and P represents the percent reduction in emissions of carbon. (P is in decimal
Form.) Determine P when x = 62. Round to three decimal places.


A) -0.15
B) 1.750
C) -0.246
D) 0.25

Correct Answer:

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