Use the following chart and suppose you have the following information regarding the marginal damage and Marginal Abatement Costs associated with emissions of a given pollutant. Note that the marginal abatement cost gives the firm's abatement cost if they are at that level of emissions. For example, at 10 ?tons the firm does not have any abatement costs. However, if the firm reduces emissions to 9 ?tons, it will incur a cost of $2(meaning rhe cost of abating the 10?? ?ton must be $2). ?The Marginal damage column lists how much damage that particular unit of emissions entails. For example, if the 10?? ?ton is abated, it would reduce damages by $20. ?The 9?? ?ton imposes damage of 18$.1. ?What is the efficient level of emissions? Calculate the net benefits of reducing emissions to the efficient level. 2. ?Suppose another firm with identical marginal abatement costs moved into the area. What is the total level of emissions before regulation now? Will the efficient level of pollution go up or down? Draw a graph to illistrate. 3. ?What curve would shift if the surrounding population increased? Would the efficient level of emissions go up or down? Illustrate with a graph.fb hey ? ?ty try u try ? ?ty

a. What is the efficient level of emissions? Calculate the net benefits of reducing cimisslolly to the efficient level. b. Suppose another firm with identical marginal abatement costs moved into the area. What is the aggregate (total) level of emissions before regulation now? Will the efficient level of pollution go up or down? Draw a graph to illustrate. c. What curve would shift if the surrounding population increased? Would the efficient level of emissions go up or down? Illustrate with a graph.4. Suppose you have the following information regarding the marginal damage and marginal abatement costs associated with emissions of a given pollutant. Note that the Marginal Abatement Cost gives the firm's abatement cost if they are at that level of emissions. For example, at 10 tons the firm does not have any abatement costs. However, if the firm reduces emissions to 9 tons, it will incur a cost $2 (meaning the cost of abating the 10th ton must be $2). The Marginal Damage column lists how much damage that particular unit of emissions entails. For example, if the 10" ton is abated, it would reduce damages by $20. The 9" ton imposes damage of $18. Emissions (tons) Marginal Abatement Cost | Marginal Damage ($) (S 10 20 9 2 18 4 16 6 14 12 10 10 12 14 6 16 0 18 0 20 0 a. What is the efficient level of emissions? Calculate the net benefits of reducing emissions to the efficient level