The opportunity cost of a new public highway

Assignment Help Business Economics
Reference no: EM13982404

The opportunity cost of a new public highway is the:

money cost of hiring contractors and construction workers for the new highway.

other goods and services that must be sacrificed to construct the new highway.

cost of constructing the new highway in a future year.

increased traffic from the use of the new highway.

Reference no: EM13982404

Questions Cloud

Analyze role of jury as defined by the sixth amendment : Discuss the historical background behind the right to a twelve (12) person jury under the Sixth Amendment to the U. S. Constitution. Provide relevant examples of such historical importance to support your response.
Forms might be symbolically involved in these two structures : Compare the Great Pyramids at Giza to the Nanna Ziggurat at Uruk. Address how each represents the culture which produced it - specific beliefs, philosophy of life, approach to or character of design for each society - as they are expressed in morp..
Respond to the charge that immigrants flood the labor : Respond to the charge that immigrants flood the labor market and drive down wages in the U.S.
What is the relativistic kinetic energy of the electron : What is the relativistic kinetic energy (in joules) of the electron? What is the speed of the electron? Express your answer as a multiple of c, the speed of light in a vacuum.
The opportunity cost of a new public highway : The opportunity cost of a new public highway is the:
Select a human behavior and construct a mini case study : Select a human behavior and construct a mini case study that highlights the workings of marginal utility.
Social media as a means of checking references : What are the advantages and disadvantages of using social media as a means of checking references?
Other things equal-which reduces competition in an industry : "Other things equal, which reduces competition in an industry? "
Effective presentation based on your justification report : Your task is to organize and develop the three parts (introduction, body, and closing) of an effective presentation, based on your Justification Report

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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