Question: 1 Table 3 The following table shows the marginal costs for each of four arms (A, B, C, and D) to eliminate units of pollution from their production processes. For example, for Firm A to eliminate one unit of pollution, it would cost $54, and for Firm A to eliminate a second unit of pollution it would cost an additional $67. Refer to Table 3. If the

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Economics: Public Economics


Question: 1

Table 3 The following table shows the marginal costs for each of four arms (A, B, C, and D) to eliminate units of pollution from their production processes. For example, for Firm A to eliminate one unit of pollution, it would cost $54, and for Firm A to eliminate a second unit of pollution it would cost an additional $67.

Refer to Table 3. If the government charged a fee of $90 per unit of pollution, how many units of pollution would the arms eliminate altogether?

Guess: 11

 

Question 2:

Refer to Figure 5 (Graph 4). Which graph illustrates a pollution permit program?

a. the left graph

b. both graphs

c. the right graph

d. neither graph

 

Thank you for your help and support Instructor Agent!

Table 3 The following table shows the marginal costs for each of four firms (A, B, C, and
D) to eliminate units of pollution from their production processes. For example, for Firm
A to eliminate one unit of pollution, it would cost $54, and for Firm A to eliminate a
second unit of pollution it would cost an additional $67.
Unit to be
eliminated
First unit
Second unit
Third unit
Fourth unit
A
54
67
82
107
B
57
68
86
108
Firm
C
54
66
82
107
D
62
73
91
111
Refer to Table 3. If the government charged a fee of $90 per unit of pollution, how many
units of pollution would the firms eliminate altogether?
Transcribed Image Text:Table 3 The following table shows the marginal costs for each of four firms (A, B, C, and D) to eliminate units of pollution from their production processes. For example, for Firm A to eliminate one unit of pollution, it would cost $54, and for Firm A to eliminate a second unit of pollution it would cost an additional $67. Unit to be eliminated First unit Second unit Third unit Fourth unit A 54 67 82 107 B 57 68 86 108 Firm C 54 66 82 107 D 62 73 91 111 Refer to Table 3. If the government charged a fee of $90 per unit of pollution, how many units of pollution would the firms eliminate altogether?
Figure 5
Price of
POLIDON
the left graph
both graphs
the right graph
B
neither graph
Price of
Pollution
Quantity of Pollution
2
Refer to Figure 5. Which graph illustrates a pollution permit program?
pa
Qª
Quantity of Pollution
Transcribed Image Text:Figure 5 Price of POLIDON the left graph both graphs the right graph B neither graph Price of Pollution Quantity of Pollution 2 Refer to Figure 5. Which graph illustrates a pollution permit program? pa Qª Quantity of Pollution
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