Asked by Jennifer Esparza on Jun 15, 2024
Verified
Refer to Figure 18.2.4 above. The amount of recycling of scrap that arises in a private market is:
A) m*.
B) m1
C) 8 units.
D) 12 units.
Recycling
The process of converting waste materials into new materials and objects, aiming to reduce consumption of raw materials.
Scrap
Waste materials or discarded objects that can be recycled or reused, often leftover from manufacturing and consumption.
- Discern the economic bases of waste management and recycling operations.
Verified Answer
JS
Jennifer SchrollJun 18, 2024
Final Answer :
B
Explanation :
The amount of recycling of scrap that arises in a private market is the horizontal distance between supply curve S1 and demand curve D1, which is equal to m1. Therefore, the correct answer is choice B. Choices A, C, and D are not correct as they do not reflect the actual amount of recycling that arises in a private market.
Learning Objectives
- Discern the economic bases of waste management and recycling operations.