There Are Two Plants in an Industry

question 189

Multiple Choice

There are two plants in an industry.To reduce pollution,the government has imposed environmental standards forcing each plant to cut emissions by 60%.At the emissions standard,the marginal social benefit of pollution for plant A is $500,and the marginal social benefit of pollution for plant B is $125.The same level of pollution can be achieved at a lower cost by:

• A)forcing plant A to reduce emissions and allowing plant B to increase emissions.
• B)allowing plant A to pollute more and requiring plant B to pollute less.
• C)forcing both plants to reduce emissions.
• D)allowing both plants to pollute more.

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Definitions:

Developmental Psychology

A branch of psychology that studies the growth and changes in human behavior and mental processes across the lifespan.

Cognitive Changes

Refers to the alterations in cognitive abilities, such as memory, problem-solving, and decision-making, as a result of aging, development, or neurological conditions.

Social Changes

refers to significant alterations over time in behavior patterns, cultural norms, and social structures within a society.

Stability And Change

Concepts in psychology and other fields exploring the dynamics between constants and transformations within individuals and societies over time.