The table below shows the marginal cost for three firms to clean up units of pollution. Net Cost for US Steel - $ 185 Net Cost for Ford=$ Net Cost for Apple - S Firm US Steel Ford Apple Suppose the government gives every firm enough permits so that, without trade, every firm must clean two units of pollution. What will the cost be to every firm, and the cost to clean 6 units of pollution? The market price for a permit is $1325. Societal cost to clean = $ 1 ton of pollution 165 400 1150 Marginal Cost (S) to clean... 2 tons of pollution 550 860 1500 3 tons of pollution 795 1290 1820

The table below shows the marginal cost for three firms to clean up units of pollution. Net Cost for US Steel - $ 185 Net Cost for Ford=$ Net Cost for Apple - S Firm US Steel Ford Apple Suppose the government gives every firm enough permits so that, without trade, every firm must clean two units of pollution. What will the cost be to every firm, and the cost to clean 6 units of pollution? The market price for a permit is $1325. Societal cost to clean = $ 1 ton of pollution 165 400 1150 Marginal Cost (S) to clean... 2 tons of pollution 550 860 1500 3 tons of pollution 795 1290 1820

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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