Use the Following to Answer Questions

question 31

Multiple Choice

Use the following to answer questions :
Figure: City with Two Polluters
-(Figure: City with Two Polluters) Use Figure: City with Two Polluters.If the government wants to limit total pollution to 2 200 tonnes,it could impose an emissions tax of _____ on both firms.

• A) $100
• B) $200
• C) $300
• D) $400

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Definitions:

Finance Charge

The total cost of borrowing, including interest and other charges, on a loan or on credit provided.

Previous Balance

The amount of money that was owed at the end of the last billing cycle in financial accounts and credit statements.

Cycle Closing

Cycle Closing refers to the process of finalizing all transactions and balances for a specific accounting period, ensuring that all financial activities within that period are accounted for and concluded.

Simple Interest

Simple interest is a method of calculating the interest charge on a loan based on the original principal amount and the interest rate, without compounding over time.