Suppose Two Neighborhoods with 10 Homes Each in Buffalo,New York

question 294

Multiple Choice

Suppose two neighborhoods with 10 homes each in Buffalo,New York are identical except one of them is near a toxic waste dump.If homes near the dump sell for an average of $40,000 and the other homes sell for $90,000,the external cost of the dump is

• A) $400,000.
• B) $1,300,000.
• C) $900,000.
• D) $500,000.
• E) $90,000.

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Definitions:

Partially Crystallized

A state in which a substance has begun to form a crystalline structure but has not fully completed the process.

Chamber's Rock Walls

The solid, often vertical, rock faces forming the sides of geological chambers or cavities.

Mantle Plume

A rising column of hot, solid mantle material that originates from deep within the Earth, potentially causing volcanic activity when it reaches the surface.

Less Dense

This term refers to a material that has a lower density, meaning fewer mass units per volume, making it more buoyant or likely to float in a denser substance.