Yes, It is possible for the opportunity cost of an input to be very low or zero if there is no alternative use for it. It means that the statement is true.
The opportunity cost of an input is zero if it has no alternative use. This is so because the cost of alternatives refers to the value of the next best option. Since there isn't an alternative available in the scenario described, the opportunity cost is zero.
The opportunity cost of a certain activity option is defined as the loss of value or benefit that would result from engaging in that activity (the cost) as opposed to engaging in an alternative activity that offers a higher return in value or benefit in microeconomic theory.
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Answer:
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Explanation:
The two processes and procedures used in estimating the age of the earth took a lot of creativity and broad imagination. When Kelvin calculated the loss of heat by the Earth and arrived at an estimated figure of 24 million years, geologist had measured the accumulation of sediment and later concluded that the earth should be around 100 million years old. Both of these techniques took a lot of imagination and creativity, thinking outside the box is a key attribute when working with science.
<span>some land formations in California formed by the erosion were : Seaside cliffs and wetlands
Seaside cliffs formed by the abrasion of waves that deteriorate the land little by little which eventually formed the seacliff, meanwhile wetlands are formed as a physical barrier to counter the erosion. Yosemite National park and lakes in California were actually formed by erosion.</span>
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