The table below shows the marginal cost for three firms to clean up units of pollution. Marginal Cost ($) to clean... 2 tons of pollution 315.00 880.00 1525.00 Cost for US Steel = $ Cost for Ford = $ Cost for Apple = $ Firm US Steel Suppose the government enacts a pollution charge of $1055.00 that firms must pay for every ton of pollution they do not clea in the first 3 tons. How much will each firm pay to clean their pollution? Tax Revenue = $ Ford Apple Societal cost to clean = $ 1 ton of pollution 115.00 230.00 1225.00 3 tons of pollution 740.00 1225.00 1960.00

The table below shows the marginal cost for three firms to clean up units of pollution. Marginal Cost ($) to clean... 2 tons of pollution 315.00 880.00 1525.00 Cost for US Steel = $ Cost for Ford = $ Cost for Apple = $ Firm US Steel Suppose the government enacts a pollution charge of $1055.00 that firms must pay for every ton of pollution they do not clea in the first 3 tons. How much will each firm pay to clean their pollution? Tax Revenue = $ Ford Apple Societal cost to clean = $ 1 ton of pollution 115.00 230.00 1225.00 3 tons of pollution 740.00 1225.00 1960.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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