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frustelle frustelle
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A year ago

With a budget of $200 million, the government can choose to purchase 4 helicopters or repair 200 km of highway.

Short description: A graph plots kilometres of highway construction against search and rescue helicopters. Long description: The horizontal axis representing kilometres of highway reconstruction ranges from 0 to 200, in increments of 50. The vertical axis representing search and rescue helicopters ranges from 0 to 4, in increments of 1. The graph plots seven points and a line. The points are approximately at the following coordinates: A (50, 1), B (100, 1), C (0, 4), D (50, 3), E (150, 1), F (200, 0), and G (125, 3.2). The line passes through the points, C, D, E, and F. Note: All values are approximated.

FIGURE 1-1

Refer to Figure 1-1. For the government, the opportunity cost of one search and rescue helicopter is



▸ 200 kilometres of highway repair.

▸ 0 kilometres of highway repair.

▸ 150 kilometres of highway repair.

▸ 100 kilometres of highway repair.

▸ 50 kilometres of highway repair.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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choroni64choroni64
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