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What is the total cost of pollution reduction

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Reference no: EM131988088

Firm A produces 30 tons of pollution and its cost of pollution reduction = $100 per ton

Firm B produces 20 tons of pollution and its cost of pollution reduction = $200 per ton

Firm C produces 20 tons of pollution, its costs of pollution reduction = $400 per ton

Gov gives firm A 15 tradeable permits, and firm B&C each 10 traceable pollution permits (each permit = allows right to 1 ton of pollution)

What is the total cost of pollution reduction?

Reference no: EM131988088

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