$\begin{array}{l}
\begin{array}{ccc}
\text { Reduction in Emissions}& \text {MC to Reduce Emissions} & \text {MC to Reduce Emissions }\
\text { (in tons) } & \text { by Steel Plant } & \text { by Paper Plant } \
\hline 1 & \$ 400 & \$ 200 \
2 & 500 & 280 \
3 & 600 & 320
\end{array}
\end{array}$
$\text {Table $28.1$}$ Refer to Table 28.1.Suppose the government allows these two firms to trade pollution permits.The total cost to reduce emissions by a total of two tons could be as low as

Question

$\begin{array}{l}
\begin{array}{ccc}
\text { Reduction in Emissions}& \text {MC to Reduce Emissions} & \text {MC to Reduce Emissions }\
\text { (in tons) } & \text { by Steel Plant } & \text { by Paper Plant } \
\hline 1 & \$ 400 & \$ 200 \
2 & 500 & 280 \
3 & 600 & 320
\end{array}
\end{array}$ 
$\text {Table $28.1$}$  Refer to Table 28.1.Suppose the government allows these two firms to trade pollution permits.The total cost to reduce emissions by a total of two tons could be as low as

Quizplus · Accepted Answer

The lowest total cost for reducing emissions by two tons is achieved by having the paper plant reduce emissions by both tons, at a cost of $200 for the first ton and $280 for the second ton, totaling $480.

Table 28.1\text {Table \(28.1\)}Table 28.1 Refer to Table 28

$\text {Table \(28.1\)}$ Refer to Table 28