a. Marginal abatement costs rise with the level of pollution reduction. b. Margi

Question

a. Marginal abatement costs rise with the level of pollution reduction. b. Marginal abatement costs decline with the level of pollution reduction. c. Marginal abatement costs do not change with the level of pollution redction. d. Marginal abatement costs are zero for all levels of pollution reduction. 21) Which of the following is an economic good or service provided by forest resources? a. Carbon sequestration. b. Fuel for energy generation Habitat protection. d All of the above. 22) The rule of capture allows landowners to: a. Acquire (capture) surface water rights through active water markets. b. Extract groundwater at a rate determined by some regulatory authority c. Extract as much groundwater as they are willing to pay for. d. Capture stormwater runoff on their property 23) In a static model of water management, the optimal allocation occurs at the point where: The marginal costs of extraction are equal across all competing uses. The total economic benefits of water consumption are maximized. The marginal net benefits of water consumption are equal across all competing uses. Both B. and C. a. b. c. d.

Explanation / Answer

21) All the above (d)

22) option (d).

23) option (c). marginal benefit equalization proposition.

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