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Quiz Chapter Twelve

Quiz Chapter Twelve

Q Question 1 1 / 1 pts Conventional rules for environmental protection in the United States have focused on ______________ pollutant could be discharged. Question 2 1 / 1 pts ______________ include both the private costs incurred by firms and also costs incurred by third parties outside the production process. Question 3 1 / 1 pts Which of the following is an example of economic output that can injure the environment? IncorrectQuestion 4 0 / 1 pts The graph below shows the demand and supply for manufacturing dishwashers. During the dishwasher manufacturing process, pollutants are emitted into the air and water and create external costs per dishwasher produced. What point represents the market equilibrium when a dishwasher manufacturing firm factors in these external costs of pollution? IncorrectQuestion 5 0 / 1 pts Below is a graph that illustrates the social costs of producing refrigerators. As a by-product of the metals, plastics, chemicals, and energy that refrigerator manufacturers use, some pollution is created. These pollutants create costs of $100 per refrigerator produced. If a firm takes only its own costs of production into account, the firm will need to receive a price of _______ per refrigerator and produce a quantity of _________ in order to achieve market equilibrium.

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1.setting limits for how much of each 2.Social costs 3.radio-active waste leaking into a river, and all of the above 4.a 5.$700; 40,000