There are three major ferry lines operating on the East River each costs of redu

Question

There are three major ferry lines operating on the East River each costs of reducing pollution that are shown in the table below generating 200 units of pollution per year. The ferry ines face the Cost of reducing pollution by 1 unit Ferry line ts a. The government has decided it wants to reduce pollution levels by 50 percent and requires each ferry line to cut its pollution in haif Determine the cost of pollution reduction for each ferry line instructions: Round your answers to the nearest Cost of pollution reduct iom Ferry line of pollution reduction is Suppose the oovernment decides to give each ferry line 100 tradable permits Each permit allows a terry line to produce one unt of Ferry line Leickto select"] wil' buy permits from ferry ane Lem Under this system of tradable permits, the total cost of pollution reduction lution

Explanation / Answer

Since pollution needs to be halfed or should be cut down by 50% which cost total amount

Firm 1 cost=120000

firm 2 cost=250000

firm 3 cost=140000

total cost = 120000+250000+140000=510000

B) Ferry line B wants to buy 100 permits from Ferry A

C)Total cost=1200*200+140000=380000

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