The Following Table Shows Four Firms, the Amount Each Pollutes

question 11

Multiple Choice

The following table shows four firms, the amount each pollutes, the marginal cost for each firm to clean up pollution, and the total cost to each firm of eliminating all pollution. $\begin{array}{|c|c|c|c|}\hline \text { Firm } & \begin{array}{c}\text { Total Discharge (in } \\\text { tons) }\end{array} & \begin{array}{c}\text { Marginal Cost of } \\\text { Cleanup } \\\text { (per ton) }\end{array} & \begin{array}{c}\text { Total Cost of } \\\text { Cleanup }\end{array} \\\hline \text { A } & 60 & \$ 5.00 & \$ 300 \\\hline \text { B } & 70 & \$ 8.00 & \$ 560 \\\hline \text { C } & 80 & \$ 7.50 & \$ 600 \\\hline \text { D } & 90 & \$ 4.00 & \$ 360 \\\hline\end{array}$
The total discharge of these four companies is 300 tons. Assume there is no one else who pollutes. If the goal of the government is to reduce pollution by 50 percent, the cheapest way would be to have:

• A) all four firms cut their discharge by 50 percent
• B) have each firm reduce discharge by 37.5 tons.
• C) have firms A and D stop discharging and allow B and C to continue.
• D) have firms B and C stop discharging and allow A and D to continue.

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Definitions:

Morality

Principles concerning the distinction between right and wrong or good and bad behavior, often influenced by cultural, religious, or personal values.

Conciliar Movement

A reform movement in the 14th and 15th century Catholic Church which held that supreme authority in the Church resided with an Ecumenical council, apart from, or even against, the pope.

Humanists

Thinkers and scholars of the Renaissance who focused on the study of classical antiquity and emphasized human values and potential.

Italian Influence

The impact of Italian culture, politics, and innovation on other countries, often referencing the Renaissance period and beyond.