Two chemical factories are discharging toxic waste into a large lake, and the pollution level at...

Two chemical factories are discharging toxic waste into a large lake, and the pollution level at a point ? miles from factory A toward factory B is ?(?) = 3?2 − 72? + 576 parts per million for 0 ≤ ? ≤ 50. Find where the pollution is the least

Solutions

Expert Solution

milcah answered 1 year ago

Next > < Previous

Related Solutions

An industry is currently discharging 25,000 kg per year of a toxic chemical to a POTW....

An industry is currently discharging 25,000 kg per year of a toxic chemical to a POTW. Under new local limits, the company will have to reduce this to 5,000 kg per year or pay a new fee of $5.00/kg of the chemical above the limit. They can install a pre-treatment system that will provide the required discharge reduction at a capital cost of $60,000 and an annual operating cost of $15,000. A second alternative is to implement certain pollution prevention...

Of 12 possible building sites for factories, 5 have buried toxic waste sites that no one...

Of 12 possible building sites for factories, 5 have buried toxic waste sites that no one told you about! If you choose 3 of the sites for initial building locations, what is the probability you will be lucky enough to avoid any toxic waste sites?

17.20. A chemical producer dumps toxic waste into a river.The waste reduces the population of fish,reducing...

17.20. A chemical producer dumps toxic waste into a river.The waste reduces the population of fish,reducing profits for the local fishing industry by $100,000 per year. The firm could eliminate the waste at a cost of $60,000 per year. The local fishing industry consists of many small firms. a) Using the Coase Theorem, explain how costless bargaining will lead to a socially efficient outcome, regardless of whether the property rights are owned by the chemical firm or the fishing industry....

3. Assume that a chemical plant in your area has been dumping its toxic waste free...

3. Assume that a chemical plant in your area has been dumping its toxic waste free of charge into a local stream. A. What is the criterion that we use to define “static economic efficiency”? Why would the market allocation not meet this economic efficiency criterion? (4) B. Use a supply and demand (i.e., marginal benefit-marginal cost) diagram to compare the market allocation (price and quantity) with the socially optimal (i.e., statically efficient) allocation. (4) C. How could you use...

3. Assume that a chemical plant in your area has been dumping its toxic waste free...

3. Assume that a chemical plant in your area has been dumping its toxic waste free of charge into a local stream. A. What is the criterion that we use to define “static economic efficiency”? Why would the market allocation not meet this economic efficiency criterion? B. Use a supply and demand (i.e., marginal benefit-marginal cost) diagram to compare the market allocation (price and quantity) with the socially optimal (i.e., statically efficient) allocation. C. How could you use a marketable...

3. Assume that a chemical plant in your area has been dumping its toxic waste free...

3. Assume that a chemical plant in your area has been dumping its toxic waste free of charge into a local stream. A. What is the criterion that we use to define “static economic efficiency”? Why would the market allocation not meet this economic efficiency criterion? B. Use a supply and demand (i.e., marginal benefit-marginal cost) diagram to compare the market allocation (price and quantity) with the socially optimal (i.e., statically efficient) allocation. C. How could you use a marketable...

The maximum acceptable level of a certain toxic chemical in vegetables has been set at 0.4...

The maximum acceptable level of a certain toxic chemical in vegetables has been set at 0.4 parts per million (ppm). A consumer health group measured the level of the chemical in a random sample of tomatoes obtained from one producer. The levels, in ppm, are shown below. 0.31 0.47 0.19 0.72 0.56 0.91 0.29 0.83 0.49 0.28 0.31 0.46 0.25 0.34 0.17 0.58 0.19 0.26 0.47 0.81 Do the data provide sufficient evidence to support the claim that the mean...

1. The maximum acceptable level of a certain toxic chemical in vegetables has been set at...

1. The maximum acceptable level of a certain toxic chemical in vegetables has been set at 0.4 parts per million (ppm). A consumer health group measured the level of the chemical in a random sample of tomatoes obtained from one producer. The levels, in ppm, are shown below. 0.31 0.47 0.19 0.72 0.56 0.91 0.29 0.83 0.49 0.28 0.31 0.46 0.25 0.34 0.17 0.58 0.19 0.26 0.47 0.81 Do the data provide sufficient evidence to support the claim that the...

Exercise 9.3 Suppose that pollution in a neighborhood comes from two factories, with marginal benefi t...

Exercise 9.3 Suppose that pollution in a neighborhood comes from two factories, with marginal benefi t curves given by MB1 = 12 – P1 and MB2 = 8 – P2 . The level of pollution in the neighborhood is given by P = P1 + P2 . The government wants to limit pollution by instituting a pollution-rights market. The government ’ s desired level of P is 10, so it prints 10 pol-lution rights and offers them for sale to...

Suppose policymakers are presented with two projects to lower the level of pollution. Project A costs...

Suppose policymakers are presented with two projects to lower the level of pollution. Project A costs $2 million and it reduces the pollution by 4 percent and Project B costs $3 million and it lowers the level of pollution by 5 percent. Which project will be approved by Cost-Effective analysis? Why we used Cost-Effective analysis instead of Cost-Benefit analysis in this case?

Subjects