Consider the Following Scenario When Answering the Following Questions

question 78

Multiple Choice

Consider the following scenario when answering the following questions:
Jones owns a factory that is dumping toxic waste into a river where Smith owns a resort.At present,Jones is not filtering the water that he dumps into the river.There is a filter he could install that would remove a significant amount of the toxic elements from the water before it is dumped in the river.Jones and Smith have each assessed the situation and come up with the following data:

-If property rights over the river are assigned to Jones,then

• A) Jones will force Smith to close his resort.
• B) Smith will pay Jones up to $75 per day to install the filter.
• C) Smith will pay Jones up to $125 to install the filter.
• D) Jones will install a filter and pay Smith at least $75 per day.
• E) Jones will not install a filter.

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Definitions:

Inert Gas

A gas which does not undergo chemical reactions under a set of given conditions, often used as a protective atmosphere.

Tachometer

An instrument used to indicate shaft speed.

Engine Rpm

Revolutions per minute of an engine; a measure of the engine's speed.

Double Filament

A double filament refers to a bulb or lamp that contains two filaments, allowing for two levels of brightness or function, such as in a car's headlight for both high and low beams.