The primary source of air pollution in the small town of Smokey, Nevada is a nearby steel mill. The local environmental agency has decided that the mill needs to reduce its emissions because the town's population is located directly downwind from it. Currently the agency is considering three different approaches to reducing pollution from the mill: a technology standard, an emission standard and an emission tax. Why might the owner of the mill prefer an emission standard to an emission tax that would produce the same level of emissions? O a. Because usually people hate taxes, although tax and standard will lead to the same cost O b. Because the total cost to the polluter will be lower with standard than with tax O C. Because it is technically easier to abate when there is a standard guiding the polluter O d. None of the above

The primary source of air pollution in the small town of Smokey, Nevada is a nearby steel mill. The local environmental agency has decided that the mill needs to reduce its emissions because the town's population is located directly downwind from it. Currently the agency is considering three different approaches to reducing pollution from the mill: a technology standard, an emission standard and an emission tax. Why might the owner of the mill prefer an emission standard to an emission tax that would produce the same level of emissions? O a. Because usually people hate taxes, although tax and standard will lead to the same cost O b. Because the total cost to the polluter will be lower with standard than with tax O C. Because it is technically easier to abate when there is a standard guiding the polluter O d. None of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Im confused on this question.

The primary source of air pollution in the small town of Smokey, Nevada is a nearby steel mill. The local environmental agency has decided that the mill needs to reduce its emissions because the town's
population is located directly downwind from it. Currently the agency is considering three different approaches to reducing pollution from the mill: a technology standard, an emission standard and an
emission tax.
Why might the owner of the mill prefer an emission standard to an emission tax that would produce the same level of emissions?
O a. Because usually people hate taxes, although tax and standard will lead to the same cost
b.
Because the total cost to the polluter will be lower with standard than with tax
O C. Because it is technically easier to abate when there is a standard guiding the polluter
O d. None of the above

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