-Given the Data in Table 9

question 299

Multiple Choice

$$\begin{array}{l}\begin{array} { c c c } \hline \text { Waste water } & \text { Firm A } & \text { Firm B } \\\hline 200 & \$ 125 & \$ 200 \\100 & \$ 135 & \$ 212 \\0 & \$ 142 & \$ 240 \\\hline\end{array}\\\text { Table } \mathbf { 9 . 6 }\end{array}$$
-Given the data in Table 9.6, if firm A were to reduce pollution from 100 gallons of wastewater per day to 0 gallons per day, production costs:

• A)would increase by $7.
• B)would decrease by $7.
• C)would not change.
• D)cannot be calculated from the information above.

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Definitions:

Opportunity Cost

Forfeiting the immediately lesser choice has a cost attached when decisions are being made.

TV Commercials

Short visual advertisements broadcast on television to promote products, services, or ideas to a wide audience.

Opportunity Cost

The price paid for not selecting the next most favorable choice during decision-making.

TV Commercials

Short advertisements broadcast on television, typically showcasing products, services, or brands to a wide audience.