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With a budget of $300 million, the government can choose to purchase 4 helicopters or repair 300 km of highway. If the government chooses to

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With a budget of $300 million, the government can choose to purchase 4 helicopters or repair 300 km of highway. If the government chooses to allocate all $300 million to highway repair, we can say that {I- A. the opportunity cost of the highway repair is 4 search and rescue helicopters. -:: 22- B. the opportunity cost of the highway repair is uncertain. " 23- C. there is no opportunity cost involved because the government has achieved its objectives. " '1- D. the opportunity cost of the highway repair is $0. " ':- E. there is no opportunity cost involved because the government stayed within its budget. Search and Rescue Helicopters 50 100 150 200 250 300 Kilometres of Highway Repair 350 400 /O E

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