The accompanying table describes an electric power industry made up of three firms. The numbers in the

Question:

The accompanying table describes an electric power industry made up of three firms. The numbers in the table show the marginal cost of reducing each ton of methane for each of the three firms. If the EPA reduces total methane emissions for the industry by 6 tons at the lowest possible cost, the cost of methane reduction for the industry would be_________ per day. 

a. $0

b. $275

c. $400

d. $600

e. $300

Quantity of Methane Reduction (tons/day) 1 2 3 456 84 9 10 Marginal Cost of Methane Reduction ($) Eddie's

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: