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Author Question: The city of Austin can buy roads or light rail. If 10 miles of roads cost 1 million and 2 miles of ... (Read 161 times)

Jipu 123

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on: Jun 30, 2018
The city of Austin can buy roads or light rail. If 10 miles of roads cost 1 million and 2 miles of light rail cost 10 million, what is the city's opportunity cost of 1000 miles of roads?
 a. 100 million
  b. 2 miles of light rail
  c. 200 miles of light rail
  d. 50 million
  e. 1,000 million

Question 2

Which of the following would not be considered capital in economics?
 a. A delivery van used by Federal Express.
 b. 500 in currency.
 c. A microprocessor factory
 d. In economics, both (a) and (c) are considered capital.


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nixon_s

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


Jipu 123

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

mochi09

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Reply 3 on: Yesterday
Excellent

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