What are the opportunity costs of building this bridge?
All the options are applicable
What are the benefits that citizens will likely receive if the bridge is built?
Option B, Reduced travel time for commuters and shoppers.
Explanation:
When economic experts speak of a source of money's "opportunity cost," they mean the significance of its next highly valued appropriate use.
For example, if you spend millions of dollars on a movie, you can't even spend the time at home by reading a book and don't spend the cash.
Due to the cost of resources, you will make more efficient choices.
In comparison to its potential gains, you will determine the mortality risk of each alternative.
If the market price is above or equal to the average variable cost, but below the average total cost the firm should keep producing in the run even though it does so at a loss.
<h3>When should a firm shut down production?</h3>
A firm should continue production in the short run if the price is above the average variable cost even if price is below the average total cost. The short run is a period when at least one or more factors of production are fixed.
To learn more about when a firm should shut down, please check: brainly.com/question/13034691
Answer:
Advertisement doesn't exist in perfect competition markets. Perfect competition markets are theoretical only, since they do not exist in reality although some markets resemble or are similar, e.g. commodities. One of the characteristics of perfect competition markets is that every participant possesses perfect information regarding the products' characteristics and price. If everyone knows a product perfectly, then there is no reason why you should advertise it.
Explanation:
Answer:
d. following an expansionary monetary policy.
Explanation:
Whenever a central bank acts in a way that cause the money supply to increase, it is following an expansionary monetary policy because when money supply increases interest rates will fall and this will encourage people to invest more and not keep their money in the bank which will increase the activity in an economy thus it is an expansionary monetary policy.