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Author Question: With a budget of $200 million, the government can choose to purchase 4 helicopters or repair 200 km ... (Read 15 times)

Katmoss16

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on: Oct 12, 2022

With a budget of $200 million, the government can choose to purchase 4 helicopters or repair 200 km of highway.



FIGURE 1-1

Refer to Figure 1-1. If the government chooses to allocate all $200 million to highway repair, we can say that


◦ the opportunity cost of the highway repair is $0.
◦ there is no opportunity cost involved because the government has achieved its objectives.
◦ the opportunity cost of the highway repair is uncertain.
◦ the opportunity cost of the highway repair is 4 search and rescue helicopters.
◦ there is no opportunity cost involved because the government stayed within its budget.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Katmoss16 on Oct 12, 2022

reactx

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Katmoss16

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

xiazhe

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Reply 3 on: Yesterday
Excellent

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