Asked by hannah burkle on May 06, 2024
Verified
Refer to Figure 18.2.4 above. The efficient amount of recycling of scrap is:
A) m*.
B) m1
C) 8 units.
D) 12 units.
Efficient Recycling
The process of collecting, processing, and reusing materials in the most cost-effective, environmentally friendly, and resource-efficient manner.
Scrap
Discarded waste material, especially metal suitable for reprocessing or remnants from manufacturing processes.
- Understand the economic theories that underpin waste management and recycling initiatives.
Verified Answer
GP
Gabriela PedrazaMay 06, 2024
Final Answer :
A
Explanation :
The efficient amount of recycling of scrap is where the marginal benefit of recycling equals the marginal cost of recycling, which occurs at point m*.
Learning Objectives
- Understand the economic theories that underpin waste management and recycling initiatives.