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Suppose you own an outdoor recreation company and you want to purchase all - terrain vehicles (ATVs) for your summer business and snowmobiles for your

  1. Suppose you ownanoutdoor recreation companyandyou wanttopurchase all-terrain vehicles(ATVs) for your summer business and snowmobiles for your winter business. Your budget for new vehicles this year is usd 240,000. ATVs cost $8000 each andsnowmobilescost $12,000 each. (a) Draw a budget line for your purchase of new vehicles. (b) What is the opportunity cost of one ATV? (c) What is the opportunity cost of one Snowmobile?

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