(Answered) Charge of environmental management

Economics

Suppose you are in charge of environmental management for a ?rm, and the ?rm wants to abate 10 units.You have three possible removal methods.Assume that q1, q2, and q3 are, respectively, the amount of pollution abated by each method that you choose to use so that the goal will be accomplished by any combination of methods such that q1 + q2 + q3 = 10. Describe your answer and give examples.

Required:

Question 1: If the marginal costs of each removal method are, respectively, $10q1, $5q2, and $2.5q3,how much of each method should you use to achieve the removal cost effectively?

Quesiton 2: Why isn't an exclusive use of method 3 cost-effective?

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