The accompanying table describes an electric power industry made up of three firms. The numbers in the
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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
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Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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