The cost of reducing lead contamination of water for BigManufacture Inc. is shown in the table below. BigManufacture Inc. currently releases lead in to the local waterways at a concentration of 5 parts per billion. The government regulations sets a limit to the lead pollution at 2 parts per billion accompanied by a $30,000 fine per year for each part per billion beyond the 2 part limit. What is BigManufacture Inc. likely to do? Reduction of Lead Cost By 1 part per billion $15,000/year By 2 parts per billion $40,000/year By 3 parts per billion $80,000/year Group of answer choices Reduce lead pollution by 1 part per billion. Reduce lead pollution by 2 parts per billion. Reduce lead pollution by 0 part per billion. Reduce lead pollution by 3 parts per billion.
The cost of reducing lead contamination of water for BigManufacture Inc. is shown in the table below. BigManufacture Inc. currently releases lead in to the local waterways at a concentration of 5 parts per billion. The government regulations sets a limit to the lead pollution at 2 parts per billion accompanied by a $30,000 fine per year for each part per billion beyond the 2 part limit. What is BigManufacture Inc. likely to do? Reduction of Lead Cost By 1 part per billion $15,000/year By 2 parts per billion $40,000/year By 3 parts per billion $80,000/year Group of answer choices Reduce lead pollution by 1 part per billion. Reduce lead pollution by 2 parts per billion. Reduce lead pollution by 0 part per billion. Reduce lead pollution by 3 parts per billion.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter14: Environmental Economics
Section: Chapter Questions
Problem 4SQ
Related questions
Question
The cost of reducing lead contamination of water for BigManufacture Inc. is shown in the table below.
BigManufacture Inc. currently releases lead in to the local waterways at a concentration of 5 parts per billion. The government regulations sets a limit to the lead pollution at 2 parts per billion accompanied by a $30,000 fine per year for each part per billion beyond the 2 part limit. What is BigManufacture Inc. likely to do?
| Reduction of Lead | Cost |
|---|---|
| By 1 part per billion | $15,000/year |
| By 2 parts per billion | $40,000/year |
| By 3 parts per billion | $80,000/year |
Group of answer choices
Reduce lead pollution by 1 part per billion.
Reduce lead pollution by 2 parts per billion.
Reduce lead pollution by 0 part per billion.
Reduce lead pollution by 3 parts per billion.
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