Asked by Luisa Zarzosa on May 18, 2024
Verified
Given that what can be inferred about the total cost of pollution as output increases?
A) The total cost of pollution is increasing.
B) The total cost of pollution is positive.
C) The total cost of pollution is growing at a positive rate.
D) The total cost of pollution is growing at an increasing rate.
E) The total cost of pollution is changing.
Total Cost
The complete financial outlay associated with the production or offering of goods and services, inclusive of both fixed and variable components.
Pollution
The introduction of contaminants into the natural environment, causing adverse changes and impacting human health and ecological balance.
Output
The total amount of goods or services produced by a business, industry, or economy within a given period.
- Comprehend the theories surrounding marginal private cost, marginal external cost, and marginal social cost.
Verified Answer
AJ
Aaliyah JohnsonMay 22, 2024
Final Answer :
D
Explanation :
The presence of the word "increasing" in the hexadecimal string (the numbers and letters) suggests that the relationship between pollution and output is not linear; rather, as output increases, the growth of the total cost of pollution accelerates. Therefore, the correct choice is D, which states that the total cost of pollution is growing at an increasing rate.
Learning Objectives
- Comprehend the theories surrounding marginal private cost, marginal external cost, and marginal social cost.