Please don't provide answer in image format thank you There are two factories in a small town. Both of them emit carbon dioxide into the air. Their current monthly emissions, as well as their total costs forreducing emissions in 20-ton increments, are listed in the tables below.Current emissions (tons/month)Total cost of reducing emissions by 20 tons/monthTotal cost of reducing emissions by 40 tons/monthTotal cost of reducing emissions by 60 tons/monthTotal cost of reducing emissions by 80 tons/monthTotal cost of reducing emissions by 100 tons/monthFactory 1Current emissions (tons/month)Total cost of reducing emissions by 20 tons/monthTotal cost of reducing emissions by 40 tons/monthTotal cost of reducing emissions by 60 tons/monthTotal cost of reducing emissions by 80 tons/monthTotal cost of reducing emissions by 100 tons/monthFactory 2120$50$150$270$410$570160$20$60$110$200$300 Assume that the existing technology does not allow for reductions in emissions beyond 100 tons/month. That is, the most each factorycan reduce its emissions is 100 tons/month. Also assume that if a factory owner is indifferent between reducing pollution or payingtaxes, the factory owner will choose to reduce pollution.With those assumptions in mind, suppose the government has a goal of reducing total monthly emissions by 160 tons. To achieve thisgoal, the government has decided to impose a tax on pollution. That is, for every 20-ton emission, a factory will have to pay someamount of money. To achieve (but not exceed) the desired reduction in emissions, the tax will have to be set equal to or above $per 20 tons/month.but below $

The costs of eliminating undesirable byproducts produced during production are known as abatement…

Assume that the existing technology does not allow for reductions in emissions beyond 100 tons/month. That is, the most each factory can reduce its emissions is 100 tons/month. Also assume that if a factory owner is indifferent between reducing pollution or paying taxes, the factory owner will choose to reduce pollution. With those assumptions in mind, suppose the government has a goal of reducing total monthly emissions by 160 tons. To achieve this goal, the government has decided to impose a tax on pollution. That is, for every 20-ton emission, a factory will have to pay some amount of money. To achieve (but not exceed) the desired reduction in emissions, the tax will have to be set equal to or above $ per 20 tons/month. but below $

Assume that the existing technology does not allow for reductions in emissions beyond 100 tons/month. That is, the most each factory can reduce its emissions is 100 tons/month. Also assume that if a factory owner is indifferent between reducing pollution or paying taxes, the factory owner will choose to reduce pollution. With those assumptions in mind, suppose the government has a goal of reducing total monthly emissions by 160 tons. To achieve this goal, the government has decided to impose a tax on pollution. That is, for every 20-ton emission, a factory will have to pay some amount of money. To achieve (but not exceed) the desired reduction in emissions, the tax will have to be set equal to or above $ per 20 tons/month. but below $

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter16: Bargaining

Section: Chapter Questions

Problem 2MC

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Solve it early and correctly. But not in excel works.
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