1. Refer to the table below. Emissions Marginal Abatement Cost (tons/month)" 10 6. 15 8. 30 50 6. 70 100 4 120 150 185 1 230 290 0. a) The firm faces an emissions charge of $100 per ton month. If the fim chooses to emit 0 tons/month what is the firm's total cost? b) The firm faces an emissions charge of $100 per ton/month. At what level of emissions does the firm minimize total abatement cost? c) The firm faces an emissions charge of $100 per ton/month. What is the firm's total cost with optimal choice?
1. Refer to the table below. Emissions Marginal Abatement Cost (tons/month)" 10 6. 15 8. 30 50 6. 70 100 4 120 150 185 1 230 290 0. a) The firm faces an emissions charge of $100 per ton month. If the fim chooses to emit 0 tons/month what is the firm's total cost? b) The firm faces an emissions charge of $100 per ton/month. At what level of emissions does the firm minimize total abatement cost? c) The firm faces an emissions charge of $100 per ton/month. What is the firm's total cost with optimal choice?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 43P: A city currently emits 15 million gallons (MG) of raw sewage into a lake that is beside the city....
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