Two firms, X and Y have access to four production processes. The daily costs of the processes
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Question:
Two firms, X and Y have access to four production processes. The daily costs of the processes and the corresponding number of tons of smoke emitted are as shown in the table below:
Process
smoke
A
tonsday
B
tonday
C
tonsday
D
tonsday
X $day
Y $day
Suppose the government would like to reduce the total smoke emissions to tonsday how much tax per ton should the government set to achieve this goal?
$
$
$
$
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