Kip and Yale Run Separate Mining Companies in the Same

question 60

Multiple Choice

Kip and Yale run separate mining companies in the same forest. Both pollute the river flowing through the forest with debris from their work. In the table below, the first row shows the current level of debris that makes its way into the river from their work. The following table set out information that show how much it would cost each company to reduce its pollution by additional
Increments of 10 pounds.

If a system of tradable permits is introduced, the total cost of cutting current debris in half is

• A) $40
• B) $45
• C) $50
• D) $55

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Definitions:

Endogenous Opioid

Natural pain-relieving peptides produced by the body that act on the opioid receptors to reduce pain and induce pleasure.

Exogenous Opioid

Opioid substances introduced into the body from external sources, often for pain management or recreational use.

Metabolic Hormone

Hormones that regulate metabolism, energy storage, and consumption within the body.

Cognitive Impairment

A decline in cognitive functions such as memory, problem solving, and attention, beyond what might be expected from normal aging.