Use the Following for Any or All of Questions

question 40

Multiple Choice

Use the following for any or all of Questions below. Consider the following model of the municipal solid waste (MSW) services market in the city of Houston.
MSC = 1.5 + 1.25Q MSB = 30 - 2.5Q
MEC = 0.75Q MEB = 0
where Q is the number of trash containers serviced per household per month.
-The dollar value of a waste-end charge that would achieve efficiency in this market is

• A) $7.60
• B) $11
• C) $9.5
• D) none of the above

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Definitions:

Attributions

The process by which individuals explain the causes of behavior and events, either their own or others'.

Heuristics

A strategy for making judgments quickly, at the price of occasional mistakes.

Dissonance Theory

A psychological theory suggesting that inconsistency among beliefs, attitudes, and behaviors causes discomfort, leading individuals to seek coherence.

Floodplain

A flat area of land adjacent to a river or stream that experiences occasional or periodic flooding.