Refer to the Information Provided in Figure 16

question 97

Multiple Choice

Refer to the information provided in Figure 16.4 below to answer the question(s) that follow.
Los Angeles International Airport (LAX) is located next to Playa Del Rey. The noise from air traffic negatively affects individuals living in Playa Del Rey, however, this cost is not considered by airlines or air travelers. The airlines feel they have a right to use the airspace while the individuals living in Playa Del Rey feel they have the right to quiet. The following diagram depicts the marginal costs and marginal benefits associated with air travel. Figure 16.4
-Refer to Figure 16.4. Suppose the government assigns property rights to the airlines, then the airlines and the residents engage in negotiations. The resulting efficient level of air travel is

• A) 0 units.
• B) 100 units.
• C) 120 units.
• D) indeterminate from the given information.

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Definitions:

PLC Models

PLC Models refer to the various designs and types of Programmable Logic Controllers used in industrial automation for process control.

Branches

In computer science, it refers to instructions in a program that can cause the execution to jump to a different part of the program based on a condition.

Input

Data or signals received by a system, device, or program for processing.

Output

An output refers to the data or signals that are produced by a system or process, transferring information from the inside to the outside.