The following (incomplete)payoff table depicts the net benefits to the United States and the European Union (EU)of reducing carbon emissions.Carbon quantities are in billions of tons and monetary amounts are in billions of dollars.For the United States,the marginal benefit [MB] is $40 for each ton reduced;for the EU,MB = $50 per ton.Each side benefits regardless of who reduces the emissions.For instance,if the EU reduces emissions by 0.6 billion tons and the U.S.does nothing,the US enjoys a benefit of (40)(0.6)= $24 billion,as indicated in the table.For the U.S. ,the marginal cost [MC] of reducing emissions is $60 per ton;for the EU,MC = $70 per ton.
(a)Complete the missing entries in the table by computing each side's net benefit.(Net benefit is simply total benefit minus total cost and can be positive or negative).

Question

The following (incomplete)payoff table depicts the net benefits to the United States and the European Union (EU)of reducing carbon emissions.Carbon quantities are in billions of tons and monetary amounts are in billions of dollars.For the United States,the marginal benefit [MB] is $40 for each ton reduced;for the EU,MB = $50 per ton.Each side benefits regardless of who reduces the emissions.For instance,if the EU reduces emissions by 0.6 billion tons and the U.S.does nothing,the US enjoys a benefit of (40)(0.6)= $24 billion,as indicated in the table.For the U.S. ,the marginal cost [MC] of reducing emissions is $60 per ton;for the EU,MC = $70 per ton.
  (a)Complete the missing entries in the table by computing each side's net benefit.(Net benefit is simply total benefit minus total cost and can be positive or negative).

Quizplus · Accepted Answer

The Answer of The following (incomplete)payoff table depicts the net benefits to the United States and the European Union (EU)of reducing carbon emissions.Carbon quantities are in billions of tons and monetary amounts are in billions of dollars.For the United States,the marginal benefit [MB] is $40 for each ton reduced;for the EU,MB = $50 per ton.Each side benefits regardless of who reduces the emissions.For instance,if the EU reduces emissions by 0.6 billion tons and the U.S.does nothing,the US enjoys a benefit of (40)(0.6)= $24 billion,as indicated in the table.For the U.S. ,the marginal cost [MC] of reducing emissions is $60 per ton;for the EU,MC = $70 per ton.
  (a)Complete the missing entries in the table by computing each side's net benefit.(Net benefit is simply total benefit minus total cost and can be positive or negative).

The Following (Incomplete)payoff Table Depicts the Net Benefits to the United