« previous next »

Author Question: Refer to Scenario 4 . What is the opportunity cost of building one more prison? What will be an ... (Read 67 times)

cdr_15

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
Refer to Scenario 4 . What is the opportunity cost of building one more prison?
 
  What will be an ideal response?

Question 2

Rate of return regulation sets the price at a level that enables the regulated firm to earn a specified target percent return on its
 
  A) total cost.
  B) sales revenue.
  C) capital.
  D) variable cost.


ankilker

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

The opportunity cost of building one more prison is two schools. This is gleaned from the fact that the opportunity cost of 5 prisons is 10 schools or 5P = 10S. Solving for P leaves you with 2S or two schools

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Building competency in patient centered care Building competency in patient centered care
Daniel Burnham’s Flatiron Building (1902) was one of the first to use steel girders to hold up the b Daniel Burnham’s Flatiron Building (1902) was one of the first to use steel girders to hold up the b
For millions of people, the United States represents a land of opportunity and freedom from ... For millions of people, the United States represents a land of opportunity and freedom from ...
Cost of Going to School Cost of Going to School
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Building a synthetic version of the 1.08-Mb Mycoplasma mycoides genome JCVI-syn1.0 Building a synthetic version of the 1.08-Mb Mycoplasma mycoides genome JCVI-syn1.0
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library