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Material Type: Exam; Class: ECON ENV MNGMNT; Subject: Environmental Science & Management; University: University of California - Santa Barbara; Term: Winter 2007;
Typology: Exams
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ESM 204 Midterm Instructions You may not discuss anything about this exam with any person except Professor Costello or Mr. Conte until after it is due (2/22/07 at 11:00 in hard copy). Answer any 5 out of 6 Be clear about your assumptions Be concise Each question is worth 20 points, for a total of 100 points. Subparts are allocated accordingly.
b. Suppose we were uncertain about both (1) the rate of technological progress (which affects the costs over time) and (2) the damages from business as usual. Show how to incorporate these into your analysis and determine how sensitive your results are to assumptions about these sources of uncertainty.