In your opinion, what is the external opportunity cost of a successful biking company in a community

Engineering

1 answer:

OleMash [197]3 years ago

8 0

Answer:

The cost of increased rates of accidents/injuries due to road accidents associated with cycling.

Explanation:

Opportunity cost is referred to as an alternative cost which is the value of the other choose left out while settling for a better alternative. External cost will be the cost a society has to bear as a result of a private cost. A successful biking company in a community can led to increased rates of accidents due to road accidents associated with cycling. In addition, the society will have to bear the costs of the threats presented by dangerous car drivers who posse more danger to cyclists as compared to trucks/car drivers.

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Explanation:detailed calculation and explanation is shown in the image below.