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Suppose the Clean Air Act Calls for a Rise in NO2

Question 2

Multiple Choice

Suppose the Clean Air Act calls for a rise in NO2 abatement (A) from 50 to 60 percent and that the MSC (in millions) is MSC = 12 + 0.8A, where A is measured in percent. Then, the incremental cost of this policy change is


A) $8 million
B) $40 million
C) $560 million
D) $500 million

Correct Answer:

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