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Category > Economics Posted 28 May 2017 My Price 6.00

Four firms called Elm, Maple, Oak, and Cherry, produce wooden chairs

 

Four firms called Elm, Maple, Oak, and Cherry, produce wooden chairs. However, they also produce a great deal of garbage (a mixture of glue, varnish, sandpaper, and wood scraps). The first row of Table 12.6 shows the total amount of garbage (in tons) currently produced by each firm. The other rows of the table show the cost of reducing garbage produced by the first five tons, the second five tons, and so on. First, calculate the cost of requiring each firm to reduce the weight of its garbage by one-fourth. Now, imagine that marketable permits are issued for the current level of garbage, but the permits will shrink the weight of allowable garbage for each firm by one-fourth. What will be the result of this alternative approach to reducing pollution?

 

 

 

 
 

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Alpha Geek
(8)
Status NEW Posted 28 May 2017 08:05 AM My Price 6.00

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file 1495961262-Answer.docx preview (232 words )
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