The town of Chefsmeadow has 100 residents. Each resident has a car. Each car produces $30 worth of pollution per person. In other words, each person in the town breathes in $30 worth of air pollution harm from one person's car as that person drives around the town. Thus each car produces $3,000 worth of air pollution overall ($30 per person x 100 people = $3,000 total harm). Because there are 100 cars, the total dollar estimate of all the pollution harm caused by all the cars is $300,000.There is a device called a "Polluteaway" that can be installed in a car and cuts its air pollution in half. The device costs $1,000 to buy and install. For the following questions, you can assume each person cares only about the air pollution they breathe and not that others have to breathe. Remember, write the number of the question in front of your answer in the text submission box. 1. What is the dollar gain or loss to one individual (let's call him Fred) in buying and installing a Polluteaway in his car? Take into account both the gain in the cleaner air he breathes and what Fred has to pay. The answer will only be a number. Write a net gain as a positive number and a net loss as a negative number
The town of Chefsmeadow has 100 residents. Each resident has a car. Each car produces $30 worth of pollution per person. In other words, each person in the town breathes in $30 worth of air pollution harm from one person's car as that person drives around the town. Thus each car produces $3,000 worth of air pollution overall ($30 per person x 100 people = $3,000 total harm). Because there are 100 cars, the total dollar estimate of all the pollution harm caused by all the cars is $300,000.
There is a device called a "Polluteaway" that can be installed in a car and cuts its air pollution in half. The device costs $1,000 to buy and install. For the following questions, you can assume each person cares only about the air pollution they breathe and not that others have to breathe. Remember, write the number of the question in front of your answer in the text submission box.
1. What is the dollar gain or loss to one individual (let's call him Fred) in buying and installing a Polluteaway in his car? Take into account both the gain in the cleaner air he breathes and what Fred has to pay. The answer will only be a number. Write a net gain as a positive number and a net loss as a negative number
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