Question
In each of these cases, discuss whether the value of the opportunity cost is likely to be the same, greater, or less than the direct
In each of these cases, discuss whether the value of the opportunity cost is likely to be the same, greater, or less than the direct money cost.
a)Chemicals are produced in a factory in Los Angeles. The company pays for all its inputs, labor, etc., and it discharges its wastes into the atmosphere.
b)The government pays wages to workers who are skilled but unemployed, putting them to work producing goods in a factory that has previously been idle.
c)The government hires workers to build a road, attracting them away from an office construction project.
d)Tickets for a local concert go on sale at 8 am, for $80 each. To be assured of getting one, you camp out all night in front of the ticket booth.
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