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5. Suppose two firms, Glob and Pron, face the following abatement costs: MACG = 1.2AG TACG = 0.642 MACP = 0.3AP TACp = 0.15A; The

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5. Suppose two firms, Glob and Pron, face the following abatement costs: MACG = 1.2AG TACG = 0.642 MACP = 0.3AP TACp = 0.15A; The combined abatement standard is 40 units for both firms. a. Find the total abatement cost for both firm. b. Which firm will do the most abatement? Why? c. The cost effective solution would be? d. What will be the total cost saving compared to a uniformed standard

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