Suppose Erie Textiles can dispose of its waste "for free" by dumping it into a nearby river.While the firm benefits from dumping waste into the river,the waste reduces the fish and bird reproduction.This causes damage to local fishermen and bird watchers.At a cost,Erie Textiles can filter out the toxins,in which case local fishermen and bird watchers will not suffer any damage.The relevant gains (in thousands of dollars) and losses for the three parties are listed below.
Refer to the information given above.The daily cost (in thousands of dollars) of the filter to Erie Textiles is _______,and the daily net benefit (in thousands of dollars) of the filter to the fishermen and bird watchers is _______.
A) $400;$310
B) $310;$200
C) $200;$75
D) $200;$235
Correct Answer:
Verified
Q40: Taylor lives in a residential neighborhood
Q42: Suppose Erie Textiles can dispose of
Q44: Suppose Erie Textiles can dispose of
Q46: This graph shows the marginal costs and
Q48: Suppose Erie Textiles can dispose of
Q50: Suppose that the EPA has proposed strict
Q53: If the marginal cost of reducing pollution
Q54: Suppose that the EPA has proposed strict
Q62: A policy maker has argued for higher
Q66: Which one of the following government actions
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents