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Author Question: The opportunity cost to a city for using local tax revenues to construct a new park is the: a. best ... (Read 68 times)

segrsyd

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on: Jun 30, 2018
The opportunity cost to a city for using local tax revenues to construct a new park is the:
 a. best alternative foregone by building the park.
  b. dollar cost of constructing the new park.
  c. dollar cost of the old park.
  d. increased taxes necessary to pay for maintenance of the new park.

Question 2

Which of the following sayings best reflects the concept of opportunity cost?
 a. You can't teach an old dog new tricks. b. There is no such thing as a free lunch.
  c. I have a baker's dozen. d. There's no business like show business.


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Benayers

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

a

Answer to Question 2

b


segrsyd

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

amandanbreshears

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Reply 3 on: Yesterday
Excellent

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