Multiple Choice
FIGURE 1- 1
With a budget of $200 million,the government can choose to purchase 4 helicopters or repair 200 km of highway.
-Refer to Figure 1- 1.If the government chooses to allocate all $200 million to highway repair,we can say that
A) the opportunity cost of the highway repair is uncertain.
B) there is no opportunity cost involved because the government has achieved its objectives.
C) the opportunity cost of the highway repair is $0.
D) there is no opportunity cost involved because the government stayed within its budget.
E) the opportunity cost of the highway repair is 4 search and rescue helicopters.
Correct Answer:

Verified
Correct Answer:
Verified
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