(Answered) Determining the total cost to the firms

Economics

Problem: Abatement with 2 firms. The firms Hooli and Aviato each produce 250 of pollution. Here are the firms' marginal abatement costs:

MAC_Hooli = 4*A

MAC_Aviato = 1*A

We would like to reduce total pollution by 300.

Required:

What would be the total cost to the firms of having each of them cut back their pollution by 150? Please show all work and computation

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Macroeconomics, Economics

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