Question Completion Status: John Inc. and Lawrence Corporation run their respect

Question

Question Completion Status: John Inc. and Lawrence Corporation run their respective chemical fertilizer manufacturing plants in the same industrial park. Both pollute the local river with debris from their plants. The exhibit below shows the current level of debris going into the river and the cost each of these plants incur to reduce pollution by an additional 10 pounds. If the government introduces a system of tradable permits that requires the plants to bring down their level of debris to 100 pounds, then the total cost of reducing debris will be Exhibit 14-3 John Inc. Corporation Current debris in pounds 60 Cost of reducing debris by 10 S pounds debris by the $10 $4 Cost of reducing debris by the S4 next 10 pounds Cost of reducing debris by the s15S6 next 10 pounds Cost of reducing debris by the $20 $8 next 10 pounds Cost of reducing debris by the s25 $10 next 10 pounds a. $20 b. $55 Click Save and Submit to save and submit. Click Save All Answers to save all answers

Explanation / Answer

Answer is 20 because total amount of debris is 140 we have to reduce it by 40.The amount will be reduced by actions of low cost producer. So it is 2+4+6+8=20

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.