The graph below illustrates the marginal costs and benefits of reducing emissions of benzene from year 2005 levels in a chemical factory. Currently, the firm is not reducing any emissions at all. a) Suppose that state regulators tell the firm it must reduce emissions by 20 lbs per day from zero. On the graph, illustrate the areas that show (1) the total benefits of reduction; (2) the total costs of reduction; and (3) the total net benefits of reduction. Approximately, what are these values

b) If, after achieving a 20-ton per day reduction, firms then had to increase their reduction further from 20 to 21 lbs per day, what is the approximate marginal benefit? Marginal cost? Increase in net benefit?

c) Suppose it was discovered that the benzene emissions, in addition to doing harm via air pollution to people, were also contaminating the Columbia River. How would this affect the picture and the efficient cleanup level?

Drag each incentive to the correct location on the chart. nick has been hired as the marketing director of a sporting goods manufacturing company. classify his new job incentives as monetary or nonmonetary.

Which of the following statements describes the nature of "stigma" as it relates to welfare? a) society values individual characteristics such as self-reliance and a willingness to work hard, welfare recipients are seen as dependent and lazy. b) social welfare hs been polarized as a "moral category", and its related policy includes treating the poor in a dignified manner, as to highlight the responsible nature of the welfare recipents. c) the norm of reciprocity explains the societal obligation to make some return for the things received, welfare recipents are stigmatized because they are able to be seen as making appropiate contributions for the benefits they incur. d) the capitalistic nature of u.s. society stresses that those who work hard and have the ability will be rewarded with success, welfare recipients are equal to those who do not receive welfare because both groups of people deserve the benefits of success.

About how many crusaders took part in the crusaders