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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

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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
Transcribed Image Text: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
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