Marginal abatement cost Puns

Hi guys,

I am trying to replicate (using shoddy Excel 2007), the marginal abatement cost curve mentioned on this page (second graph);

https://www.iea.org/weo/methane/database/#abatement

This curve basically tells us which technologies offer the largest potential reductions in methane emissions, and at what cost, from net -ve cost (saves money) to net +ve cost.

Just next to the graph is the original data, available for download and export to Excel.

Can anyone please advise what steps you would take to try to replicate the same graph using excel? Any help very much appreciated!

Thank you, n

TLDR

News reports about the tax abatements Samsung is seeking and documents filed by Samsung appear to understate the abatements sought by close to $2 billion (so that the combined abatements are nearly $3 billion) and overstate the economic impact by at least $6 billion. Samsung is effectively asking local governments and taxpayers to subsidize an amount equivalent to 86% of its payroll for the next 20 years.

Summary

Recent news reports (Austin Biz Journal; Community Impact; Statesman) have stated that Samsung is seeking 5-20 year (or more) tax abatements from the City of Austin, Travis County, Manor ISD, and likely other entities for a new facility or expansion of its existing facility in northeastern Travis County. Media reports have stated that Samsung expects to invest $17 billion in the facility and is seeking a combined $805 million abatement from Travis County and the City of Austin, and an additional $252 million from Manor ISD. Samsung claims it will create 1,800 direct jobs and 1,153 indirect jobs, paying over $7 billion in salaries over 20 years.

However, Samsung’s application for a tax abatement to Manor ISD (Application), as well as the economic analysis filed as part of the application (beginning on p. 45), tell a remarkably different story. They suggest that the numbers given to the media, and the numbers provided to Manor ISD, vastly understate the abatement sought, and vastly overstate the economic impact of the project.

Various media sources have reported that Samsung is seeking abatements of $252 million from Manor ISD, $87 million from the City of Austin, and $718 million from Travis County, for a total of roughly $1.057 billion. However, a comparison of the numbers used in Samsung’s application to Manor ISD, the numbers used in the economic analysis attached to the application, and published media reports suggests that already huge number significantly understates the tax abatements Samsung is seeking by roughly $721 m

Hello all! I was wondering if I could have some help plotting an abatement cost function. The information is here. I need to plot an abatement cost function with the Y axis being marginal cost, and X being cumulative amount of abatement.

Since the data is already in the cost per unit of abatement can I just plot it as shown in this image? I wouldn't need to take a derivative since it is already in marginal costs right? I'm sure this isn't too complicated, but I've been stuck for a while. Thanks!

Please send this answer

i just started studying economics, so please bear with me for not knowing what these are. i just couldn’t understand the terms and the difference and just everything. i asked our professor to explain with more details but he gave me a pizza example only confusing me more.

There is a fairly constant stream of posts in the various FIRE subreddits about health insurance costs in FIRE and many of those discuss the impact of the ACA on people's planning. Considering the consistent interest, I thought it might be interesting to look at an example of the actual financial impact of the ACA for a typical middle class family as of today. Our family has used the ACA for seven years now, but I've never really looked in detail at how things might change if we dramatically increased our MAGI. Also, it gave me a reason to finally play with table formatting on Reddit. :)

The following table below lists the figures for a family of four in Austin, TX (where I live).

Some notes/caveats:

First and foremost, the costs and policy options via the ACA are extremely variable and hyper-local, with both state and county-level impacts being huge. So results will vary tremendously based on where someone lives. This is only one example to illustrate the potential impact the ACA can have on someone's financial planning, FIRE or otherwise.

I used Healthcare.gov to get actual subsidies and the policy details for the third-cheapest Silver plan available as of today in Travis County, Texas (Austin). I tried to eliminate the temporary COVID-related impacts by reducing the child tax credit back to $2,000 and re-imposing the ACA subsidy cliff at 400% of the FPL. The subsidy amounts themselves unavoidably include the COVID tweaks to the subsidy calculations, but the general slope of the marginal tax impact shouldn't be too off from what it would have been without them. Texa

I'd like to compute the Lerner Index for a firm in order to assess its monopoly power. Given that the LI is defined as LI=(p-mc)/p, I thought about picking total (net) revenue as price. But, as we all now, marginal costs are hard to pinpoint in real world economics.

Suppose I have firm data from the annual reports, what would be an adequate figure to approximate the firm's marginal costs?

Hi, if 2 people were to share public goods (like a house or car) between themselves, is this creating/increasing/applying an economy of scales? I’m not sure about the correct way of wording it so if anyone can help pick the right word for the question, that would be great. Or is it only lowering the marginal cost?

I am getting new carpet installed but I think the original linoleum is still under my current carpet. If that's the case I would have to pay the installer for asbestos abatement (my house was built in the 50s), any idea how much the cost per square foot is roughly?

Thanks

I gotta get this off my fucking chest. I'm watching Destiny's latest debate with Pogan, and in the middle they dance around if Marginal Utility does or does not include labor cost in it's ultimate determination of value. I am a BS in Economics from a research institution, so I think have some authority to explain the most basic concept of orthodox economics.

Lets first explain the Demand curve. Basic economics states that the demand curve represents the market's demand for a product at a given price. But when creating the demand curve, we necessarily incorporate the marginal utility for all actors. We can describe the demand curve and how the market works as such: At it's highest point, when quantity is lowest, only those which have the highest marginal utility for the item will necessarily purchase that item. For a real world example, we can look at the scalping of PS5s, where the people who purchase from a scalper have a higher marginal utility for the product (in some sense, but not for everyone) than people who choose to wait for buying at retail. In that real world example, lets ignore inequality and just try to understand the phenomena in the most general sense; people who buy from scalpers want the item more than people who wait, all else being equal. Conversely, we can examine the lowest point of the curve where almost the entire market will purchase the item because their marginal utility is higher than most of the lowest prices. IE, if a PS5 was offered for a dollar, almost everyone would purchase it. In fact, this phenomena creates the scalping black market from before. Scalpers understand the the current value of a PS5 is greater than the price it's being offered at, so they see an opportunity for arbitrage. Importantly, as Pogan said, the marginal utility that an individual has for an item DOES NOT INCORPORATE LABOR COST. If I value a PS5 at 1 million dollars, this is an expression of my personal preference of a price for which I would purchase the item, even if a PS5 costs much less to produce.

HOWEVER, TO DESTINY'S POINT, AND I CANNOT STRESS THIS ENOUGH, THE ULTIMATE DETERMINATION OF THE MARKET PRICE (IE WHAT WE GENERALLY UNDERSTAND AS MARKET VALUE IN A CAPITALIST ECONOMY) DOES NECCESSARILY INCLUDE LABOR COST BECAUSE MARKET TRANSACTIONS ARE DETERMINED WHERE SUPPLY=DEMAND. Fundamentally even, one can say in a perfect market, ie a perfectly competitive market, equilibrium is reached where Supply=Demand=Marginal Cost=Marginal Revenue. To expl

There is a fairly constant stream of posts in the various FIRE subreddits about health insurance costs in FIRE and many of those discuss the impact of the ACA on people's planning. Considering the consistent interest, I thought it might be interesting to look at an example of the actual financial impact of the ACA for a typical middle class family as of today. Our family has used the ACA for seven years now, but I've never really looked in detail at how things might change if we dramatically increased our MAGI. Also, it gave me a reason to finally play with table formatting on Reddit. :)

The following table below lists the figures for a family of four in Austin, TX (where I live).

Some notes/caveats:

First and foremost, the costs and policy options via the ACA are extremely variable and hyper-local, with both state and county-level impacts being huge. So results will vary tremendously based on where someone lives. This is only one example to illustrate the potential impact the ACA can have on someone's financial planning, FIRE or otherwise.

I used Healthcare.gov to get actual subsidies and the policy details for the third-cheapest Silver plan available as of today in Travis County, Texas (Austin). I tried to eliminate the temporary COVID-related impacts by reducing the child tax credit back to $2,000 and re-imposing the ACA subsidy cliff at 400% of the FPL. The subsidy amounts themselves unavoidably include the COVID tweaks to the subsidy calculations, but the general slope of the marginal tax impact shouldn't be too off from what it would have been without them. Texa