1. Refer to the table below.Emissions(tons/month)106.MarginalAbatement Cost1530750701001201503185230290101a) The firm faces an emissions charge of $100 per ton/month. If the fim chooses to emit 0tons/month what is the firm's total cost?b) The firm faces an emissions charge of $100 per ton/month. At what level of emissionsdoes the firm minimize total abatement cost?c) The firm faces an emissions charge of $100 per ton/month. What is the firm's total costwith optimal choice?d) If the firm faced an emissions charge of $150 per ton/month, at what level of emissionsdoes the firm minimize total abatement cost?e) If a regulatory agency simply mandated that the firm could emit a maximum of 5tons/month and there were no emission charges, what would be the firm's total cost?f) If the firm faced an abatement subsidy of $100 per ton/month, what level of emissionswould a firm choose?g) If the firm faced an abatement subsidy of$100 per ton/month, what would be thedifference between total subsidy income and total abatement costs?

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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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