Two Firms, a and B, Each Currently Dump 50 Tons

question 199

Multiple Choice

Two firms, A and B, each currently dump 50 tons of chemicals into the local river. The government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. It costs Firm A $100 for each ton of pollution that it eliminates before it reaches the river, and it costs Firm B $50 for each ton of pollution that it eliminates before it reaches the river. The government gives each firm 20 pollution permits. Government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. What is the total cost of reducing pollution if firms are not allowed to buy and sell pollution permits from each other? What is the total cost of reducing pollution if the firms are allowed to buy and sell permits from each other?

• A)$3,000; $1,500
• B)$4,500; $3,500
• C)$4,500; $4,000
• D)$4,500; $2,500

Comprehend the role and effects of religion in society, including the variation in religiosity and its impact on social structures.

Recognize the influence of political parties and ideologies on public opinion and policy, particularly in relation to the media's role in politics.

Analyze the structure of power in American society, including the roles of the power elite, authoritarianism, and protest movements.

Assess the effect of educational systems in reproducing systems of inequality and the potential reforms to address these issues.

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Definitions:

Southern Rebellion

Commonly referred to the American Civil War's Confederate states' secession and military defiance against the Union, representing a major internal conflict based on states' rights and the issue of slavery.

Naval Blockade

A naval blockade is the deployment of naval vessels to prevent ships from entering or leaving ports belonging to or occupied by the enemy, used as a form of economic warfare.

Civil War

The Civil War was a conflict fought in the United States from 1861 to 1865, primarily over issues of slavery and states' rights, resulting in the preservation of the Union and the abolition of slavery.

Freedom and Liberty

Concepts centered on the right and ability of people to act and express themselves without undue restraint or coercion.