Two Farmers, a and B, Each Apply 100 Tons of Manure

question 531

Multiple Choice

Two farmers, A and B, each apply 100 tons of manure on their fields. To reduce manure runoff, the government has decided to require a permit for each ton of manure applied. The government gives each farmer 50 tradeable permits. Farmer A incurs losses of $25 for each ton of manure he does not apply, and Farmer B incurs losses of $50 for each ton of manure he does not apply. After permit trading, we would expect that

• A)​farmer A will no longer apply manure, and farmer B will not reduce his manure application at all.
• B)​farmer B will no longer apply manure, and farmer A will not reduce his manure application at all.
• C)​farmer A and B will each apply 50 tons of manure.
• D)​farmer A will apply 25 tons of manure, and farmer B will apply 50 tons of manure.

Understand the concept of enlightened egoism and its implications for ethical decision-making.

Evaluate the morality of actions based on their consequences for everyone affected and understand the significance of the greatest good for the greatest number.

Appreciate the importance of legal and ethical standards in determining what is considered white collar crime.

Understand the different types of justice (distributive, procedural) and their relevance in ethical decision-making and societal norms.

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Definitions:

Chest Compressions

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Cardiac Arrest

A sudden loss of heart function, breathing, and consciousness, typically resulting from an electrical disturbance in the heart.

Epinephrine Hydrochloride

A medication used to treat severe allergic reactions; it's a form of adrenaline in a hydrochloride salt form.

Bretylium Tosylate

A medication previously used to treat ventricular arrhythmias but is not commonly utilized due to its side effects and availability of better alternatives.