5. In this exercise, we'll consider the effect of a Revenue-Neutral Carbon Tax (often also called a Carbon Fee and Dividend). In some policy discussions a fee of $80 per ton of carbon dioxide emitted has been suggested. This is the figure we'll use for this problem. We are also going to simplify the problem by considering only personal vehicles. We assume the fee is collected at the gas pump (by increasing the cost of gas), and the dividend is distributed only to car owners. These simplifications will allow us to make calculations based on U.S. averages related to vehicles and still allow us to get an idea of how the system might actually work in practice. (a) In Lesson 1, during the first week of the course, we learned that burning 1 gallon of gas emits about 20 pounds of CO2. If the fee is $80 per ton of CO2 emitted, by how much would this raise the cost of gasoline at the pump? Note: In this step we just want to see how the price at the pump would change; we are ignoring the fact that there will later be a refund. (b) In the U.S., a vehicle is driven 12,000 miles per year (on average). The average fuel economy is 22 miles per gallon. A 2016 Toyota Prius gets 58 miles per gallon (city) and a 2012 Chevy Suburban gets 12 miles per gallon (city) Compute the total carbon fee for one year for each vehicle (average vehicle, 2016 Prius, and 2012 Chevy Suburban), assuming the fee is $80 per ton of Co, and 12,000 miles of city driving