ch.5 Flashcards
(8 cards)
1
Q
the cost in reducing pollution
A
abatement cost
2
Q
the quantity of a pollutant discharged in a given time period
A
emissions(flow)
3
Q
the quanitity of a pollutant in the enviroment at any given point in time
A
ambient concentration
stock,bathtub
4
Q
quality of emissions=
A
e
5
Q
threshold level of emissions
A
e^
6
Q
the additional cost of reducing emissions by 1 unit
A
Marginal abatement cost (mac)
7
Q
Mac total=`?
A
horizontal summation of the individual Mac
8
Q
The socially optimal level emissions
A
MD=MAC
