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 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 3. 14.75 24.50 4 18.00 32.75 23.75 41.75 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. 89.00 total cost: %24 Incorrect

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 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 3. 14.75 24.50 4 18.00 32.75 23.75 41.75 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. 89.00 total cost: %24 Incorrect

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 17SQ

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