PLease show work i need this asap! thanks! Use the table below to answer the nex

Question

PLease show work i need this asap! thanks!

Use the table below to answer the next three questions. Using the table above, suppose the Environmental Protection Agency decides that the optimal amount of pollution is only 15 tons. To achieve this, the government orders each firm to reduce their pollution to only 3 tons. The total clean-up cost of this pollution reduction program is Using the table above, suppose the Environmental Protection Agency decides that the optimal amount of pollution is only 15 tons. If instead of using the set standard method, the government sells 15 permits to pollute at a price of $395 each. Each permit allows the form to pollute 1 ton. How many permits will firm C purchase? a. 3 b. 5 c. 0 d. 2 e. 1 Using the table above, suppose the Environmental Protection Agency decides that the optimal amount of pollution Is only 15 tons. Instead of using the set standard method, the government sells 15 permits to pollute at a price of $395 each. Each permit allows the form to pollute 1 ton. By using the permit method the total real resource costs to clean-up are

Explanation / Answer

1. Total cost incurred is sum of all marginal costs of eiminating 1st ton and 2nd ton= $6750

2. C wont purchase any as the marginal cost of reducing pollution is less than the price. So firm will choose to reduce number of tons than pay for any permit.

3.

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