My courses / MME3010 Environmental and Sustainable Development Economics, 23 november - 29 november / Qu Assume that two power plants, power plant 1 and power plant 2, release sulfur dioxide (SO2) in a small urban community that exceeds the emissions standard. To meet the standard, 40 units of SO2 must be abated in total. The two firms face the following abatement costs: MAC, = 8 + 0.7A, MAC2 = 17 + 5.5A2, where costs are measured in thousands of dollars. a. Prove that a uniform standard will not meet the cost-effectiveness criteria. b. Determine how the abatement levels should be reallocated across the two power plants to minimize costs. B Read through the questo have answered parts of the My courses / MME3010 Environmental and Sustainable Development Economics, 23 november - 29 november / Qu Assume that two power plants, power plant 1 and power plant 2, release sulfur dioxide (SO2) in a small urban community that exceeds the emissions standard. To meet the standard, 40 units of SO2 must be abated in total. The two firms face the following abatement costs: MAC, = 8 + 0.7A, MAC2 = 17 + 5.5A2, where costs are measured in thousands of dollars. a. Prove that a uniform standard will not meet the cost-effectiveness criteria. b. Determine how the abatement levels should be reallocated across the two power plants to minimize costs. B Read through the questo have answered parts of the