For a marginal damage cost function equal to: MD = 0.8E,the marginal damage cost of the 50^th unit of emissions is _______.

Question

Quizplus · Accepted Answer

To calculate the marginal damage cost of the 50^th unit of emissions, we simply need to substitute E = 50^th into the given marginal damage cost function: MD = 0.8E MD = 0.8(50^th) MD = 40^th Therefore, the marginal damage cost of the 50^th unit of emissions is $40, which is option B.

For a Marginal Damage Cost Function Equal To: MD =