Determining the opportunity cost

Assignment Help Business Management
Reference no: EM131876888

Suppose that The Salt River Project (SRP) has a acquired a large amount of land on the outskirts of the Phoenix Metropolitan Area and is deciding between i) constructing a large-scale solar farm or ii) creating a nature preserve. The solar farm would generate 500 megawatts of electricity but would take 2 years to construct and generate considerable traffic, noise, and air pollution for nearby residents during that time. The nature preserve would plant a variety of native vegetation to provide provide new habitat for local wildlife. Currently, the land is vacant but lacks any vegetation. If SRP decides to build the solar farm (instead of the preserve) what is included in the opportunity cost? Explain

Reference no: EM131876888

Questions Cloud

How practice policies and procedures can assist management : Discuss how practice, policies, and procedures can assist management in enduring continued adherence to proposed initiatives.
What is a relevant cost : What is a relevant cost, and how does one determine relevance? Explain why it might be difficult for decision maker to ignore sunk costs
What you believe will be the biggest challenges facing : you will outline five (5) challenges what you believe will be the biggest challenges facing organizations in the next twenty (20) years.
Write a paper about the challenges of knowing in nursing : Write a paper about The Challenges of Knowing in Nursing. The paper must be in APA format of not more than five pages including the cover and reference pages.
Determining the opportunity cost : If SRP decides to build the solar farm (instead of the preserve) what is included in the opportunity cost? Explain
Determine the august warranty expense : Alpha Company sells widgets for $25 each. Use this information to determine: The August Warranty Expense
Which has a greater impact on performance : Watch the video from Karl McDonnell, CEO of Strayer University, "Which has a greater impact on performance: Job Satisfaction, or Grit?"
Supply and demand analysis : Suppose the market for Nissan's electric cars is currently in equilibrium. Suddenly, Tesla announces that they will drop the price of all their electric
Discuss various type of marketing strategy : There are several consequences of deceptive advertising. Many marketers use celebrities to influence consumers to purchase their product or service.

Reviews

Write a Review

Business Management Questions & Answers

  The information flow and any elements controlling proper

A diagram of the information flow and any elements controlling proper access to the information it uses

  Explain how important is product quality

Explain How important is product quality when a limited edition soft drink like Ice Cucumber sells out in a matter of weeks and What criteria would you suggest that Pepsi and Suntory use when screening ideas for new limited-edition soft drinks?

  Explain the overall rmf process

Explain the overall RMF process to the board and how it will improve security overtime.

  Create an organizational structure for the business

Create an organizational structure for the business and the cowboy boot project. Explain why you chose structure as opposed to others that you did not choose and what the decision making flow and job tasks are for each person.

  Specific behaviour examples

Evaluation tools that rate employees along a rating scale by means of specific behaviour examples on the scale.

  Create a strategic business plan for culminating project

Students will create a strategic business plan for their culminating project in BUS-485. The structure of this assignment is comprehensive and integrative. It requires synthesis and evaluation of information, skills, and knowledge developed throughou..

  Draw a bill of materials structure for the chair

Suppose you are employed by a corporation that makes a type of simple chair. MRP is to be the method of inventory planning for the chair.

  Examine at least two potential pitfalls of using anonymity

Anonymity (i.e., with message senders' identity removed) is a common feature of many GDSS. We examined the benefits of using anonymity. Can you examine at least two potential pitfalls of using anonymity in GSS?

  Project selection and estimating technique

Explain the factors that determine how a company selects a project.

  A senior member of the it management team for sai toys

A senior member of the IT Management Team for SAI Toys, one of the leading manufacturers of products for Gifted Electrical Engineering Kids (GEEKs). The toys that the company sells are manufactured in-house and shipped to brick-and-mortar re..

  Define the four types of evaluation outcomes

Describe the three kinds of knowledge that can be evaluated in training and how they can be measured. Explain the four types of evaluation outcomes identified in the text.

  Define the problem the editors were trying to address

1. How do you define the problem the editors were trying to address? Was this a technical or an adaptive challenge? 2. What is your reaction to what the principal did in this situation? How do you think what she did fits in with providing directio..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd