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The opportunity cost of a new national park is that....?
Alternatives uses for the land and funding fr the park.
What would be the opportunity cost of a new 500 federal stimulus plan?
the opportunity cost would that it will put the government in big defected in order to provide temporarat relief to business and institutions and envirment so on.
What is the opportunity cost to a city for using local tax revenues to construct a new park?
The opportunity cost of using local tax revenues to construct a new park involves the potential benefits that could have been gained from alternative uses of those funds. For example, the city could have invested in infrastructure improvements, public safety enhancements, or educational programs, all of which might yield greater economic or social returns. Additionally, the funds spent on the park might limit future investments in other community needs. Ultimately, the opportunity cost reflects the value of the next best alternative forgone.
What is the opportunity cost of acquiring new capital?
equals the interest
What is opputunity cost?
Cost that you have to bear to choose between different alternatives is called opportunity cost so if somebody is working for monthly salary of 10000 provided with a new project which is earning 15000 then 10000 is the opportunity cost for starting new project.
Why an increase in spending on police and armed forces may result in an opportunity cost?
Opportunity cost is defined as what you have to give up to get something. Specifically, the opportunity cost of doing something is the value of best alternative. For example, if Bob decides to watch TV instead of studying for a big science test he has in school the next day, the opportunity cost is that study time. All decisions carry an opportunity cost even in cases such as defense or public safety spending because there is always an alternate choice. For example, a city could choose to hire 50 new police officers or, with the same money, they could choose to hire 50 new teachers or build a new park or do any of a large number of things. In particular, if there is a greater need for something else, such as new teachers, then the opportunity cost of increasing police spending will be greater than any benefit from the spending. In that case, police spending would be a poor economic decision because there is another place to spend the money that will create more good for the city as a whole.
Can you explain the concept of opportunity cost using a money analogy?
Opportunity cost is like choosing between spending money on a new phone or a vacation. If you pick the phone, the cost is not just the price of the phone, but also the missed opportunity to go on vacation. So, the opportunity cost is the value of the next best alternative that you give up when making a decision.
What is the opportunity cost of a new public highway?
Other goods and services that must be scarified to construct the new highway.
What is the opportunity cost that must be considered in order to make a decision to invest in a new project?
The opportunity cost that must be considered when deciding to invest in a new project is the potential benefits or profits that could have been gained from alternative investments or opportunities that are forgone by choosing to invest in the new project.
What is the regular cost for meals in Park Hyatt Tokyo?
New orleans
What is a opprotunity cost?
The cost of an alternative that must be forgone in order to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action. For example if you are doing work already and earning 10 and you have a new opportunity to start new project with return of 11 then 10 already you are earning is your opportunity cost to start new project.
What was one of the opportunity cost for many new England colonies?
i don't know. sorry. i thought i had it but i don't.
