Please see below. Note that these pictures go together. The Matrixlandia Government wants to reduce the total amount of sulfur dioxide (So,) emitted by the electric industry byrequiring both Modern Electric and Ancient Electric to reduce their emissions by 3 tons each, for a total SO, reduction of 6 tonsThe table provides marginal cost (MC) of emissions reduction data.Reduction of SO,Modern Electric's MC (inAncient Electric's MC (inemissions (tons)hundreds of dollars)hundreds of dollars)19.2512.7511.2517.0014.7524.50418.0032.75523.7541.756.29.7553.25What will be the industry's total cost of reducing emissions by 6 tons (in hundreds of dollars)? Round your answer to twodecimals.total cost: $(sell) one SO, emissions permit to Ancient Electric for $18.00. With the permit from Modern, Ancient Electric needs to reduceits emissions by only 2 tons. What will be the industry's total cost for reducing emissions by 6 tons under the cap-and-tradeWhen the government enacts a cap and trade policy, Modern Electric decides to reduce its SO, emissions by 4 tons and tradepolicy (in hundreds of dollars)? Round your answer to two decimals. total cost under cap-and-trade policy: $Using the information above, can a cap and trade policy help lower the total cost of pollution control?unable to determinenoyes

Cap and Trade Policy: A market-based strategy to controlling pollution in a very cost-effective…

What will be the industry's total cost of reducing emissions by 6 tons (in hundreds of dollars)? Round y8 decimals. total cost: $ When the government enacts a cap and trade policy, Modern Electric decides to reduce its SO, emissions by 4 tons and trade (sell) one SO, emissions permit to Ancient Electric for $18.00. With the permit from Modern, Ancient Electric needs to redue its emissions by only 2 tons. What will be the industry's total cost for reducing emissions by 6 tons under the cap-and-trade policy (in hundreds of dollars)? Round your answer to two decimals.

What will be the industry's total cost of reducing emissions by 6 tons (in hundreds of dollars)? Round y8 decimals. total cost: $ When the government enacts a cap and trade policy, Modern Electric decides to reduce its SO, emissions by 4 tons and trade (sell) one SO, emissions permit to Ancient Electric for $18.00. With the permit from Modern, Ancient Electric needs to redue its emissions by only 2 tons. What will be the industry's total cost for reducing emissions by 6 tons under the cap-and-trade policy (in hundreds of dollars)? Round your answer to two decimals.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please see below. Note that these pictures go together.

The Matrixlandia Government wants to reduce the total amount of sulfur dioxide (So,) emitted by the electric industry by
requiring both Modern Electric and Ancient Electric to reduce their emissions by 3 tons each, for a total SO, reduction of 6 tons
The table provides marginal cost (MC) of emissions reduction data.
Reduction of SO,
Modern Electric's MC (in
Ancient Electric's MC (in
emissions (tons)
hundreds of dollars)
hundreds of dollars)
1
9.25
12.75
11.25
17.00
14.75
24.50
4
18.00
32.75
5
23.75
41.75
6.
29.75
53.25
What will be the industry's total cost of reducing emissions by 6 tons (in hundreds of dollars)? Round your answer to two
decimals.
total cost: $
(sell) one SO, emissions permit to Ancient Electric for $18.00. With the permit from Modern, Ancient Electric needs to reduce
its emissions by only 2 tons. What will be the industry's total cost for reducing emissions by 6 tons under the cap-and-trade
When the government enacts a cap and trade policy, Modern Electric decides to reduce its SO, emissions by 4 tons and trade
policy (in hundreds of dollars)? Round your answer to two decimals.

total cost under cap-and-trade policy: $
Using the information above, can a cap and trade policy help lower the total cost of pollution control?
unable to determine
no
yes

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