Question: I really need tutoring for this class. I am so lost and wish it was a face-to-face class. I need some guidance on understanding I

I really need tutoring for this class. I am so lost and wish it was a face-to-face class. I need some guidance on understanding

I need some help learning and understanding this I really need tutoring for this class. I am so lost and

CHOOSE EITHER QUESTION 2 OR QUESTION 3 TO ANSWER. YOU DO NOT NEED TO DO BOTH. Question 2 (8 points) Suppose there are two polluting firms, each polluting 12 tons of sulfur dioxide (SO2). SO2 emissions create acid rain which harms species in lakes and rivers. The government imposes a per unit emission tax of $ Each firm will be required to pay this charge for each ton of So, it emits. The data below represents the marginal abatement costs for the two firms. Answer the questions that are provided on the answer sheet. Tons of SO2 abated Total Abatement Costs Tons of SO2 abated Firm 1 Marginal Abatement Costs (MAC) $10 20 30 $10 1 1 2 30 2 3 4 3 4 40 50 Firm 2 Marginal Total Abatement Abatement Costs Costs (MAC) $50 $50 55 105 70 175 90 265 120 385 155 540 180 720 220 940 300 1240 400 1640 6202260 1000 3260 60 100 150 210 280 360 5 5 6 6 60 7 70 7 8 80 90 9 8 9 10 11 450 550 660 100 110 120 10 11 12 780 12 A. How many tons of so, will Firm 1 abate? A. B. How many tons of SO2 will Firm 2 abate? B. C. What are the total costs of abatement incurred by Firm 1? C. D. What are the total costs of abatement incurred by Firm 2? D. E. How many tons of SO will Firm 1 emit after the charge? E. F. How many tons of SO, will Firm 2 emit after the charge? F. G. In total, how much will Firm 1 pay in emission taxes?** G. H. In total, how much will Firm 2 pay in emission taxes?** H. **HINT: tax rate x units of pollution remaining for the respective firm ocial Science (SS) Learning Outcome 1 ocial Science (SS) Learning Outcome 2 ocial Science (SS) Learning Outcome 3 CHOOSE EITHER QUESTION 2 OR QUESTION 3 TO ANSWER. YOU DO NOT NEED TO DO BOTH. Question 2 (8 points) Suppose there are two polluting firms, each polluting 12 tons of sulfur dioxide (SO2). SO2 emissions create acid rain which harms species in lakes and rivers. The government imposes a per unit emission tax of $ Each firm will be required to pay this charge for each ton of So, it emits. The data below represents the marginal abatement costs for the two firms. Answer the questions that are provided on the answer sheet. Tons of SO2 abated Total Abatement Costs Tons of SO2 abated Firm 1 Marginal Abatement Costs (MAC) $10 20 30 $10 1 1 2 30 2 3 4 3 4 40 50 Firm 2 Marginal Total Abatement Abatement Costs Costs (MAC) $50 $50 55 105 70 175 90 265 120 385 155 540 180 720 220 940 300 1240 400 1640 6202260 1000 3260 60 100 150 210 280 360 5 5 6 6 60 7 70 7 8 80 90 9 8 9 10 11 450 550 660 100 110 120 10 11 12 780 12 A. How many tons of so, will Firm 1 abate? A. B. How many tons of SO2 will Firm 2 abate? B. C. What are the total costs of abatement incurred by Firm 1? C. D. What are the total costs of abatement incurred by Firm 2? D. E. How many tons of SO will Firm 1 emit after the charge? E. F. How many tons of SO, will Firm 2 emit after the charge? F. G. In total, how much will Firm 1 pay in emission taxes?** G. H. In total, how much will Firm 2 pay in emission taxes?** H. **HINT: tax rate x units of pollution remaining for the respective firm ocial Science (SS) Learning Outcome 1 ocial Science (SS) Learning Outcome 2 ocial Science (SS) Learning Outcome 3

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