What should the government set their corrective tax to if they want to eliminate 7 units of pollution? FirmABCost per unit of pollution eliminationFirst Unit of Pollution$ 50.00$ 27.00$ 54.00$ 63.00Second Unit of Pollution$ 72.00$ 58.00$ 72.00$ 93.00Third Unit of Pollution$ 90.00$ 83.00$ 80.00$ 133.00Fourth Unit of Pollution$ 152.00$ 110.00$ 107.00$ 195.00The table shows the marginal (not total) cost for each of the four firms (A, B, C, D) toeliminate units of pollution from their production process. What should the governmentset their corrective tax to if they want to eliminate seven units of pollution?$82.00$64.00O $84.00$73.00

Each firm will bear the cost of eliminating certain units of pollution if the corrective tax rate is…

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What should the government set their corrective tax to if they want to eliminate 7 units of pollution?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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