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Suppose Erie Textiles Can Dispose of Its Waste "For Free

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Suppose Erie Textiles can dispose of its waste "for free" by dumping it into a nearby river.While the firm benefits from dumping waste into the river,the waste reduces the fish and bird reproduction.This causes damage to local fishermen and bird watchers.At a cost,Erie Textiles can filter out the toxins,in which case local fishermen and bird watchers will not suffer any damage.The relevant gains (in thousands of dollars) and losses for the three parties are listed below.  With Filter  Without  Gains to Erie $200$400 Fishermen $180$50 Bird Watchers $130$25\begin{array} { l r c } & \text { With Filter } & \text { Without } \\\text { Gains to Erie } & \$ 200 & \$ 400 \\\text { Fishermen } & \$ 180 & \$ 50 \\\text { Bird Watchers } & \$ 130 & \$ 25\end{array}
Refer to the information given above.The daily cost (in thousands of dollars) of the filter to Erie Textiles is _______,and the daily net benefit (in thousands of dollars) of the filter to the fishermen and bird watchers is _______.

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Definitions:

Penicillium

A genus of fungi used in the production of penicillin, a group of antibiotics derived from natural sources.

Aspergillus

A genus of fungi that includes several species which can be pathogenic to humans or used in the fermentation industry.

Fungal Body

The physical structure of a fungus, including mycelium and fruiting bodies, which supports growth, reproduction, and nutrient absorption.

Function

A specific purpose or role of a component or system.

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