Suppose the Cost C of Removing P Percent of the Particulate

question 183

Multiple Choice

Suppose the cost C of removing p percent of the particulate pollution from the exhaust gases at an industrial site is given by . Because p is the percent particulate pollution, we know . Use the restriction on p and experiment with a C-range to obtain an accurate graph of the equation. Determine the p-intercept and explain its meaning. ​

• A)The p-intercept is (0,0) , meaning that it costs nothing to remove all of the particulate pollution.
• B)The p-intercept is (0,81), meaning that there is a cost of $81 before the removal of the particulate pollution begins.
• C)There is no p-intercept, which means that it is impossible to remove all of the particulate pollution.
• D)The p-intercept is (0,0), meaning that it costs nothing to remove none of the particulate pollution.
• E)The p-intercept is (0, -81), meaning that there is a negative cost of $81 before the removal of the particulate pollution begins.

---

Definitions:

Physical Capital

Assets that are tangible, such as buildings, machinery, and equipment, which are used in the production of other goods and services.

Manufactured Resources

Goods that have been processed or created through manufacturing, used in the production of other goods or services.

Derived Demand

The demand for a factor of production resulting from the demand for the final product it helps to produce.

Factor of Production

A rephrased definition would be the essential elements required for producing goods and services, encompassing land, labor, capital, and entrepreneurship.