Asked by Jaliyah Henderson on May 09, 2024
Verified
Paying a product's full cost would enable recycling to be more feasible in today's market.
Feasible
Possible to do easily or conveniently; practicable within the given constraints.
Recycling
The process of converting waste materials into new materials and objects, aiming to reduce resource consumption and environmental impact.
- Comprehend the economic and environmental benefits of full-cost pricing for products.
Verified Answer
TC
Tanner CereghinoMay 09, 2024
Final Answer :
True
Explanation :
When a product's full cost is paid by the consumer, it would include the cost of recycling and disposal, making recycling more financially feasible for companies. This would also incentivize companies to design products that are easier to recycle and reduce waste in their production processes. However, if only a portion of the product's cost is paid, the financial burden falls on the recycling companies or local governments, making it difficult to maintain recycling programs.
Learning Objectives
- Comprehend the economic and environmental benefits of full-cost pricing for products.
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