D. Pollution problemYou know the marginal cost of reducing pollution for four factories. Each unit of pollution can be eliminated according to the following marginal costs. ABCDFirst Unit$65$15$30$10Second Unit$75$55$65$30Third Unit$85$85$110$40Fourth Unit$120$155$120$60 1. The total cost of Firm D eliminating 4 units of pollution 2. Determine the total cost of each firm eliminating one unit of production. 3. The community has decided that the managers of the firms are allowed to produce a total of 4 units of production. Identify the firm(s) that will pollute.

1. A market is a place where the buyers and the sellers interact with each other and the exchange of…

Answered: 1. The total cost of Firm D…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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D. Pollution problem

You know the marginal cost of reducing pollution for four factories. Each unit of pollution can be eliminated according to the following marginal costs.

	A	B	C	D
First Unit	$65	$15	$30	$10
Second Unit	$75	$55	$65	$30
Third Unit	$85	$85	$110	$40
Fourth Unit	$120	$155	$120	$60

1. The total cost of Firm D eliminating 4 units of pollution

2. Determine the total cost of each firm eliminating one unit of production.

3. The community has decided that the managers of the firms are allowed to produce a total of 4 units of production. Identify the firm(s) that will pollute.

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