Two power plants exist in the metropolis of Hooterville. Both emit sulfur dioxide. The town would like to reduce sulfur dioxide from their current level of 1 million liters per year each to an average of 500,000 liters per year (1 million liters total). The Hooterville legislature is considering two proposals: (1) require each company to cut their emissions by half, (2) tax the pollution. The chart below indicates the cost to each firm of reducing their emissions. < Pollution Reduction (x 100,000 liters) < Firm A's cost (x $1 million) < Firm B's cost (x $1 million) < 1 1 14 a. How much would option 1 cost? (10 points) < b. How much would option 2 cost? (15 points) < 44 24 34 2 < 34 54 34 64 10 54 64 84 12 15 21 < 74 17 28