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The Matrixlandia Government wants to reduce the total amount of sulfur dioxide (SO, ) emitted by the electric industry by requiring both Modern Electric and Ancient Electric to reduce their emissions by 3 tons each, for a total SO, reduction of 6 tons. The table provides marginal cost (MC) of emissions reduction data. Reduction of SO2 Modern Electric's MC (in Ancient Electric's MC (in emissions (tons) hundreds of dollars) hundreds of dollars) 9.50 12.75 11.75 17.75 3 14.50 24.00 4 18.25 32.00 23.50 41.50 6 29.25 53.00 What will be the industry's total cost of reducing emissions by 6 tons (in hundreds of dollars)? Round your answer to two decimals. total cost: $ 90.25 When the government enacts a cap and trade policy, Modern Electric decides to reduce its SO, emissions by 4 tons and trade (sell) one SO, emissions permit to Ancient Electric for $18.25. With the permit from Modern, Ancient Electric needs to reduce its emissions by only 2 tons. What will be the industry's total cost for reducing emissions by 6 tons under the cap-and-trade policy (in hundreds of dollars)? Round your answer to two decimals. total cost under cap-and-trade policy