A university offers a free shuttle service around campus. The opportunity cost of the shuttle service to the university is equal to:
a. zero, since it is free to students who want to ride
b. the wages paid to the shuttle drivers.
c. the wages paid to the shuttle drivers, plus the gasoline expenses.
d. the highest valued alternative use of the resources devoted to the shuttle program.
d
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The marginal revenue curve of a monopolistically competitive firm is
A) downward sloping and above the demand curve. B) downward sloping and below the demand curve. C) identical to the demand curve as there are many small firms in the market. D) perfectly elastic.
Upstream and downstream refer to the degree of horizontal integration
Indicate whether the statement is true or false
Discuss the differences between Keynesian and supply-side fiscal policies.
What will be an ideal response?
Which of the following countries has higher income mobility than the United States?
A. Denmark B. Canada C. France D. All of these countries have higher income mobility than the United States.