Table 31-1 Costs of Eliminating: Firm A Firm B Firm C 1st ton of pollution $ 30 $ 50 $ 600 2nd ton of pollution $ 70 $ 90 S 700 3rd ton of pollution $125 $150 4th ton of pollution $200 $250 $ 900 $1,300 10. Refer to Table 31-1. Suppose that Firms A, B, and C are the only polluters in the state and that each emits 4 tons of pollution into the atmosphere. To cut the level of pollution in half the government issues two transferable pollution permits to each firm. What is the total cost to society of decreasing pollution to half its present level if firm C buys one pollution permit from firm A and one pollution permit from firm B? a. $515 b. $1,300 90 C. $1,380 d. $965
Table 31-1 Costs of Eliminating: Firm A Firm B Firm C 1st ton of pollution $ 30 $ 50 $ 600 2nd ton of pollution $ 70 $ 90 S 700 3rd ton of pollution $125 $150 4th ton of pollution $200 $250 $ 900 $1,300 10. Refer to Table 31-1. Suppose that Firms A, B, and C are the only polluters in the state and that each emits 4 tons of pollution into the atmosphere. To cut the level of pollution in half the government issues two transferable pollution permits to each firm. What is the total cost to society of decreasing pollution to half its present level if firm C buys one pollution permit from firm A and one pollution permit from firm B? a. $515 b. $1,300 90 C. $1,380 d. $965
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 4SCQ: Table 12.5 provides the supply and demand conditions for a manufacturing film. The third column...
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