Suppose Erie Textiles can dispose of its waste "for free" by dumping it into a nearby river.While the firm benefits from dumping waste into the river,the waste reduces the fish and bird reproduction.This causes damage to local fishermen and bird watchers.At a cost,Erie Textiles can filter out the toxins,in which case local fishermen and bird watchers will not suffer any damage.The relevant gains (in thousands of dollars)and losses for the three parties are listed below. $$\begin{array} { l r c }
& \text { With Filter } & \text { Without } \
\text { Gains to Erie } & \$ 200 & \$ 400 \
\text { Fishermen } & \$ 180 & \$ 50 \
\text { Bird Watchers } & \$ 130 & \$ 25
\end{array}$$
Refer to the information given above.When Erie Textiles operates with a filter,the total daily gain (in thousands of dollars)by all three parties is _______.
A)$985
B)$600
C)$510
D)$475

Question

Suppose Erie Textiles can dispose of its waste "for free" by dumping it into a nearby river.While the firm benefits from dumping waste into the river,the waste reduces the fish and bird reproduction.This causes damage to local fishermen and bird watchers.At a cost,Erie Textiles can filter out the toxins,in which case local fishermen and bird watchers will not suffer any damage.The relevant gains (in thousands of dollars)and losses for the three parties are listed below. $$\begin{array} { l r c } 
& \text { With Filter } & \text { Without } \
\text { Gains to Erie } & \$ 200 & \$ 400 \
\text { Fishermen } & \$ 180 & \$ 50 \
\text { Bird Watchers } & \$ 130 & \$ 25
\end{array}$$
Refer to the information given above.When Erie Textiles operates with a filter,the total daily gain (in thousands of dollars)by all three parties is _______.
A)$985
B)$600
C)$510
D)$475

Quizplus · Accepted Answer

The total daily gain with a filter is calculated by adding the gains of all three parties: $200 (Erie) + $180 (Fishermen) + $130 (Bird Watchers) = $510.

Suppose Erie Textiles Can Dispose of Its Waste "For Free