Two farmers, A and B, each apply 100 tons of manure on their fields. To reduce manure runoff, the government has decided to require a permit for each ton of manure applied. The government gives each farmer 25 permits. Farmer A incurs losses of $25 for each ton of manure he does not apply, and Farmer B incurs losses of $50 for each ton of manure he does not apply. What is the total cost of reducing runoff if firms are not allowed to buy and sell permits from each other? What is the total cost of reducing runoff if the firms are allowed to buy and sell permits from each other? 1つ選択してください: O a. $5,000; $2,500 O b. All other options are wrong O c. $3,750; $3,750 O d. $5,000; $5,000 O e. $3,750; $2,500 O f. $7,500; $7,500 O g. $5,625; $5,000

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 8P
icon
Related questions
Question
Two farmers, A and B, each apply 100 tons of manure on their fields. To reduce manure runoff, the
government has decided to require a permit for each ton of manure applied. The government gives
each farmer 25 permits. Farmer A incurs losses of $25 for each ton of manure he does not apply, and
Farmer B incurs losses of $50 for each ton of manure he does not apply. What is the total cost of
reducing runoff if firms are not allowed to buy and sell permits from each other? What is the total
cost of reducing runoff if the firms are allowed to buy and sell permits from each other?
1つ選択してください:
O a. $5,000; $2,500
O b. All other options are wrong
O c. $3,750; $3,750
O d. $5,000; $5,000
O e. $3,750; $2,500
O f. $7,500; $7,500
O g. $5,625; $5,000
Transcribed Image Text:Two farmers, A and B, each apply 100 tons of manure on their fields. To reduce manure runoff, the government has decided to require a permit for each ton of manure applied. The government gives each farmer 25 permits. Farmer A incurs losses of $25 for each ton of manure he does not apply, and Farmer B incurs losses of $50 for each ton of manure he does not apply. What is the total cost of reducing runoff if firms are not allowed to buy and sell permits from each other? What is the total cost of reducing runoff if the firms are allowed to buy and sell permits from each other? 1つ選択してください: O a. $5,000; $2,500 O b. All other options are wrong O c. $3,750; $3,750 O d. $5,000; $5,000 O e. $3,750; $2,500 O f. $7,500; $7,500 O g. $5,625; $5,000
Expert Solution
steps

Step by step

Solved in 3 steps with 8 images

Blurred answer
Recommended textbooks for you
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Elementary Geometry For College Students, 7e
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL