1. Suppose the combined abatement standard is set at 20 units and firm J and firm K have TAC functions of TACJ = 0.25A^2 and TACK = 0.375A^2, respectively, and where A is the amount of pollution abatement. In order to minimize costs, firm J should abate units and firm K should abate ___ units. 12,8 10, 10 10, 12 6.5, 13.5 12, 10 14.5, 7.5 2. If the Total Abatement Cost for firm 1 and 2, respectively, are: TAC1 = 0.2A^2 and TAC2 = 0.4A^2, and where A1, A2 are the amounts of pollution abatement undertaken by the two firms, respectively. Suppose the combined abatement standard is 15 units, then the cost-effective abatement levels are units for firm 1 and units for firm 2. 7.5, 7.5 5, 10 10, 5 8, 44, 811, 4
1. Suppose the combined abatement standard is set at 20 units and firm J and firm K have TAC functions of TACJ = 0.25A^2 and TACK = 0.375A^2, respectively, and where A is the amount of pollution abatement. In order to minimize costs, firm J should abate units and firm K should abate ___ units. 12,8 10, 10 10, 12 6.5, 13.5 12, 10 14.5, 7.5 2. If the Total Abatement Cost for firm 1 and 2, respectively, are: TAC1 = 0.2A^2 and TAC2 = 0.4A^2, and where A1, A2 are the amounts of pollution abatement undertaken by the two firms, respectively. Suppose the combined abatement standard is 15 units, then the cost-effective abatement levels are units for firm 1 and units for firm 2. 7.5, 7.5 5, 10 10, 5 8, 44, 811, 4
Chapter1: Making Economics Decisions
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Transcribed Image Text:1. Suppose the combined abatement standard is set at 20 units and firm J and firm K
have TAC functions of TACJ = 0.25A^2 and TACK = 0.375A^2, respectively, and
where A is the amount of pollution abatement. In order to minimize costs, firm J should
abate units and firm K should abate ___ units.
12,8 10, 10 10, 12 6.5, 13.5 12, 10 14.5, 7.5 2. If the Total Abatement Cost for firm 1 and
2, respectively, are: TAC1 = 0.2A^2 and TAC2 = 0.4A^2, and where A1, A2 are the
amounts of pollution abatement undertaken by the two firms, respectively. Suppose the
combined abatement standard is 15 units, then the cost-effective abatement levels are
units for firm 1 and units for firm 2. 7.5, 7.5 5, 10 10, 5 8, 44, 811, 4
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