The Three Firms Below Have Five Choices for Pollution Control

question 4

Multiple Choice

The three firms below have five choices for pollution control: no controls or four different technologies,W,X,Y and Z.The amount of pollution emitted and the cost of the technologies are shown in the table.
-Refer to the information above.Comparing a 25% pollution reduction for all firms to a $1400-per-ton tax,total pollution is __________ and the private cost is__________ for the $1400-per-ton tax.

• A) lower;lower
• B) lower;higher
• C) higher;lower
• D) the same;lower
• E) higher;higher

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Definitions:

Hourly Wage Rate

The amount of money paid for each hour of work.

Payroll Register

A document or database that records the details of each employee's pay history, deductions, and net pay.

Employee's Earnings Record

A record maintained by an employer that tracks the earnings of an employee over time, including wages, salaries, bonuses, and other forms of compensation.

Cumulative Earnings

The total amount of net income a company has earned over time since its inception, excluding any dividends paid to shareholders.