the idea is to categorize the costs - accounting costs, opportunity costs....

Question 5 In each of the following, categorize the dollar amount given as an accounting cost or not, and as an opportunity cost or not. a. Due to a health insurance regulation, a company provided health insurance at a cost of $2K per worker. b. Due to local regulations which increased the minimum wage, the firm canceled a plan to add insulation to a building which would have saved $10M in energy costs. c. The Wetlands Banking Program required a developer to purchase $2M of land to be set aside for conservation, in order to develop another piece of wetlands. d. The Endangered Species Act required a developer not to develop a piece of land that would have resulted in $6M in profits for the developer. e. A health insurance regulation requires a company that does not provide health insur- ance to pay a penalty of $3K. The company decided to offer health insurance to avoid the penalty. f. In order to save fuel as part of their sustainability program, Southwest Air washes their engines monthly which results in $5K of labor and water costs per month