Question

Two plants are emitting a uniformly mixed pollutant called gunk into the beautiful sky over Tourist-Town....

Two plants are emitting a uniformly mixed pollutant called gunk into the beautiful sky over Tourist-Town. The local government sets the max allowed total emissions as 20kg of gunk per day. Plant C has marginal reduction costs of 20-XC and is currently polluting at a level of 20, while plant D has marginal reduction costs of 20-2XD and currently polluting at a level of 10. (XC and XD are the level of emissions at each plant)

If the city government imposes a uniform, 10-kg-per-firm standard,

Q. What is the total costs from the standard?

Two plants are emitting a uniformly mixed pollutant called gunk into the beautiful sky over Tourist-Town. The local government sets the max allowed total emissions as 20kg of gunk per day. Plant C has marginal reduction costs of 20-XC and is currently polluting at a level of 20, while plant D has marginal reduction costs of 20-2XD and currently polluting at a level of 10. (XC and XD are the level of emissions at each plant)

If the city government imposes a uniform, 10-kg-per-firm standard,

Q. What is the cost-effective allocation of pollution across the two firms?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT