firm X has a total pollution abatement cost of 2.5Q^2 (which makes its marginal cost MC = 5Q), where Q is the amount of abatement taking place. mean...
View the step-by-step solution to:

Question

# firm X has a total pollution abatement cost of ﻿ class="katex">2.5Q2﻿ (which makes its marginal cost MC = 5Q), where Q is the amount of abatement taking place. mean while, firm Y has a total abatement cost of ﻿﻿ which means its marginal abatement cost is MC = 3Q.Suppose each of the two firms are required to do 40 units of abatement (Q = 40). what is each firm's total abatement cost?is it just simply firm X has total abatement cost of ﻿﻿ which equals 4000 and firm Y has total abatement cost of ﻿﻿ which equals 2400?

Total abatement cost for firm X... View the full answer

### Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

• ### -

Study Documents

Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

Browse Documents