Springville, Virginia, is interested in improving the quality of its lake by dec

Question

Springville, Virginia, is interested in improving the quality of its lake by decreasing the level of water pollution. Note that Springville is already meeting required environmental regulations.) The level of a chemical pollutant in a lake is measured in parts per million (ppm). The lake currently has a pollution level for this chemical of 100 parts per million. The table to the right shows the costs associated with cleaning the lake. Amount of Cleanup Total Cost 10 ppm cleaner 20 ppm cleaner 30 ppm cleaner 40 ppm cleaner $192,000 395,000 $650,000 1,020,000 2.3. A likely reason for the trend of the marginal cost of cleanup is: O A. Taxpayer dollars, used for environmental projects, are limited and become more scarce proposed B. Scarce funds must be allocated to the projects that generate the greatest marginal benefits. C. Environmental regulation becomes less and less complex as more and more cleanup is achieved. D. New technologies and costlier processes are required as it gets harder and harder to remove co from the water. O ntamination

Explanation / Answer

Answer is clearly D. In reality it becomes harder and harder to remove containments from water and more cleanup needs more advanced and costly technology

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