When Using the Economic Efficiency Approach to Control Air and Water

question 68

Multiple Choice

When using the economic efficiency approach to control air and water pollution,the government _____

• A)forces each firm to produce emissions in the most cost-efficient manner irrespective of its cost structure.
• B)offers each firm the flexibility to reduce emissions in the most cost-effective manner, given its unique cost structure.
• C)offers each firm the option of choosing between the cost-minimizing emission level and the profit-maximizing emission level.
• D)provides each firm with fixed rules for reducing pollution.
• E)offers each firm the option of using either total cost pricing or average cost pricing when determining the optimum emission level.

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Definitions:

Work Pacing

The rate at which work tasks are conducted, which can be influenced by organizational policies, individual preferences, and technical constraints.

Production Department

The division of a business that is responsible for actually making the goods or providing the services offered by the company.

Stress-prone Employees

Workers who are more likely to experience stress due to personal characteristics or job-related factors.

Organizational Change

A process in which a company or organization alters its structure, strategies, operational methods, technologies, or organizational culture to affect change within the group and respond to external or internal pressures.