Two Firms Can Use Five Different Technologies to Produce the Same

question 36

Multiple Choice

Two firms can use five different technologies to produce the same quantity of output: 1,2,3,4 and 5.The first technology is the cheapest,but also the dirtiest.The fifth technology is the most expensive,but results in the lowest levels of pollution.The amount of pollution emitted by each firm and the cost of the technologies are shown in the table. $$\begin{array} { l r l l l l } \text { Technology } & 1 & 2 & 3 & 4 & 5 \\\text { Emissions } & 10 \text { tons } & 8 \text { tons } & 6 \text { tons } & 4 \text { tons } & 2 \text { tons } \\\text { Acme's Costs } & \$ 750 & \$ 800 & \$ 1000 & \$ 1400 & \$ 2000 \\\text { FirmCo's Costs } & \$ 500 & \$ 700 & \$ 1200 & \$ 2200 & \$ 4000\end{array}$$
Suppose that the government imposes a tax of $150 per ton of pollution.As a result,pollution emissions are __________ tons for a total cost of ____.

• A)6;$4200
• B)8;$3600
• C)10;$3600
• D)14;$1700

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Definitions:

Global Capitalism

An economic system characterized by private or corporate ownership of capital goods, operating on a global scale.

Global Feminist

A movement focusing on advocating for women's rights and equality across different cultures worldwide.

American Psychological Association

A professional organization representing psychologists in the United States, dedicated to advancing psychology as a science and profession.

Association for Women

Likely refers to various organizations or groups dedicated to supporting women’s rights, advancement, and well-being, though it needs specification to identify a particular association.