The Matrixlandia Government wants to reduce the total amount of sulfur dioxide (SO) emitted by the...
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The Matrixlandia Government wants to reduce the total amount of sulfur dioxide (SO₂) 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, emissions (tons) 2 3 4 5 Modern Electric's MC (in hundreds of dollars) 9.25 11.25 14.50 18.75 23.25 29.50 Ancient Electric's MC (in hundreds of dollars) 12.00 17.00 4 24.50 32.75 41.00 53.00 Macmillan Learning 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: $ When the government enacts a cap and trade policy, Modern Electric decides to reduce its SO, emissions by 4 tons and trade (sell) one SO₂ emissions permit to Ancient Electric for $18.75. With the permit from Moderni, 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 policy (in hundreds of dollars)? Round your answer to two decimals. total cost under cap-and-trade policy: The Matrixlandia Government wants to reduce the total amount of sulfur dioxide (SO₂) 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, emissions (tons) 2 3 4 5 Modern Electric's MC (in hundreds of dollars) 9.25 11.25 14.50 18.75 23.25 29.50 Ancient Electric's MC (in hundreds of dollars) 12.00 17.00 4 24.50 32.75 41.00 53.00 Macmillan Learning 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: $ When the government enacts a cap and trade policy, Modern Electric decides to reduce its SO, emissions by 4 tons and trade (sell) one SO₂ emissions permit to Ancient Electric for $18.75. With the permit from Moderni, 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 policy (in hundreds of dollars)? Round your answer to two decimals. total cost under cap-and-trade policy:
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Answer a Cost of reducing emissions by 6 tons 3 tons ... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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