Which of the Following Was the Result Before the U

question 46

Multiple Choice

Which of the following was the result before the U.S.Supreme Court in American Electric Power Co.v.Connecticut,the case in the text involving whether eight states,New York City,and land trusts could recover against electric power corporations for contributing to global warming in violation of federal common law and state nuisance law?

• A) The court ruled that no cause of action existed under either federal or state law because the case involved a nonjusticiable political question.
• B) The court ruled that the plaintiffs could proceed to a jury trial under both federal common law and state nuisance law.
• C) The court ruled that a cause of action under federal common law was available but that the plaintiffs could not proceed under state nuisance law.
• D) The court ruled that a cause of action under federal common law was foreclosed but remanded the case for consideration of whether state nuisance law would provide a cause of action.

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Definitions:

Fixed Costs

Fixed costs are those business expenses that do not change with the level of goods or services produced, such as rent.

Break-even Sales

The amount of revenue needed to cover both the fixed and variable costs of a business, resulting in no profit or loss.

Unit Selling Price

The price at which a single unit of product is sold, not including any discounts or promotions.

Unit Variable Costs

The variable costs associated with producing one unit of a product, including materials, labor, and any other variable expenses.