Questions: Method 1: Regulation The first government employee suggests reducing pollution through regulation. To meet the pollution goal, the government requires each firm to reduce its pollution by 2 units. Complete the following table with the total cost to each firm of reducing its pollution by 2 units. Total Cost of Eliminating Two Units of Pollution Firm (Dollars) Firm A Firm B Firm C

Method 1: Regulation

The first government employee suggests reducing pollution through regulation. To meet the pollution goal, the government requires each firm to reduce its pollution by 2 units.

Complete the following table with the total cost to each firm of reducing its pollution by 2 units.
Total Cost of Eliminating Two Units of Pollution
Firm
(Dollars)
Firm A
Firm B
Firm C
Transcript text: Method 1: Regulation The first government employee suggests reducing pollution through regulation. To meet the pollution goal, the government requires each firm to reduce its pollution by 2 units. Complete the following table with the total cost to each firm of reducing its pollution by 2 units. Total Cost of Eliminating Two Units of Pollution Firm (Dollars) Firm A Firm B Firm C
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Solution

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To complete the table with the total cost to each firm of reducing its pollution by 2 units, we need to know the cost structure for each firm. Since the question does not provide specific cost data for Firm A, Firm B, and Firm C, I will assume hypothetical costs for the purpose of illustration.

Let's assume the following costs for reducing pollution by 1 unit for each firm:

  • Firm A: $10 per unit
  • Firm B: $15 per unit
  • Firm C: $20 per unit

Given these costs, the total cost of reducing pollution by 2 units for each firm can be calculated as follows:

  1. Firm A:

    • Cost per unit: $10
    • Total cost for 2 units: 2 * $10 = $20
  2. Firm B:

    • Cost per unit: $15
    • Total cost for 2 units: 2 * $15 = $30
  3. Firm C:

    • Cost per unit: $20
    • Total cost for 2 units: 2 * $20 = $40

Therefore, the completed table with the total cost to each firm of reducing its pollution by 2 units would be:

| Firm | Total Cost (Dollars) | |-------|----------------------| | Firm A| $20 | | Firm B| $30 | | Firm C| $40 |

This table assumes the hypothetical costs provided. If actual cost data were available, the calculations would be adjusted accordingly.

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