Assignemnt
Submit your answers on a one page, printed document, submitted in class.
Format: Single space, twelve point font, one inch margins.
Your full name and UB person id should be on the top of the page.
Use the entire page.
No handwritten homework's.
Late homework's shall not be accepted.
One point extra credit for posting your homework to your ePortfolio, and attaching proof that you have done so!
Assignment:
Page 410&411 of Parkin's 12th Edition of Microeconomics discusses managing carbon emissions.
Discuss:
1) Will the need to reduce greenhouse gas emissions such as carbon dioxide kill certain industries?
2) What happens to a utilities Marginal Costs (MC) as they are compelled to reduce carbon emissions?
3) Does burning coal positively or negatively impact Marginal Social Costs (MSC)?
4) What are the likely long term outcomes if carbon emissions are NOT reduced?
Make sure that you:
1) Introduce your topic.
2) Answer the questions.
3) Conclude and summarize your thought(s) on the subject.