environmental economic

Consider the following MAC curves in table and graphical form. What is the total abatement cost of a uniform emissions standard of 50? (HINT: find the total abatement cost for each firm and then add them up.) Emissions MAC Firm 1 MAC Firm 2 0 600 450 10 540 405 20 480 360 30 420 315 40 360 270 50 300 225 60 240 180 70 180 135 80 120 90 85 90 67.5 90 60 45 100 0 0 110 165 170 180 190Go back to Question 12. Suppose the government wanted to reduce aggregate emissions to 60 and implements a uniform standard of 30 for each firm. What is the net benefit to society of reallocating emissions to satisfy the equimarginal principle? (HINT: find the optimal allocation of abatement where industry emissions are 60 and compare TAC to the uniform standard.)Suppose marginal damages due to a power plan emitting sulphur dioxide into the atmosphere are given by the equation MD = 10E where E is the measure of pollution. Marginal abatement costs are defined by the equation MAC = 4000 10E. Calculate the total social cost of the unregulated level of pollution