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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 the opportunity cost of a new public highway?
Other goods and services that must be scarified to construct the new highway.
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.
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 would be the opportunity cost of a new park?
I need more information
How much cost travel from New York to Yellowstone National Park Wyoming?
$25.00
Does New Jersey have a national park?
I think New Jersey does have a national park.
Where is the Tongariro National Park located?
The Tongariro National Park is the oldest national park in New Zealand. The Tongariro National Park is located in the central north island of New Zealand.
When was New England National Park created?
New England National Park was created in 1937.
Where is the Abel Tasman National Park?
Abel Tasman National Park is located at the north end of South Island of New Zealand. The park was found in 1942. This park is the smallest national park of New Zealand.
What is the name of New Englands only national park?
Acadia national park
What is the name of the national park in the southwest of the South Island of new Zealand?
Fiordland National Park is the most southwest National Park in the South Island of New Zealand.
What is the name of the national park in New Zealand in the southwest of the South Island?
The National Park in the south west of the South Island of New Zealand is Fiordland National Park.
Do you have any National Parks in New Jersey?
Yes, there are three National Parks in New Jersey: Morristown National Historical Park Paterson Great Falls National Historical Park Thomas Edison National Historical Park
Where is Fiordland National Park located?
The Fiordland National Park is located on the South Island of New Zealand. Fiordland National Park is the largest park in New Zealand and administered by the Department of Conservation.
What is the largest national park in NZ?
Fiordland National Park is the largest national park in New Zealand, with an area of 12,500 km2.
