This topic contains a solution. Click here to go to the answer

Author Question: What is the opportunity cost of producing capital goods such as a new road? What will be an ideal ... (Read 111 times)

stock

  • Hero Member
  • *****
  • Posts: 573
What is the opportunity cost of producing capital goods such as a new road?
 
  What will be an ideal response?

Question 2

List four sources of market failure.
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

karlss

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

The opportunity cost of producing a new road can be measured by the next best alternative that could have been produced with the same resources.

Answer to Question 2

(1.) Imperfect competition
(2) Externalities.
(3.) Production of public goods.
(4.) Imperfect information.




stock

  • Member
  • Posts: 573
Reply 2 on: Jun 29, 2018
Wow, this really help


bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

For a complete list of videos, visit our video library