Long Life,high Capital Cost and Low Operating Costs Are Associated

question 8

Multiple Choice

Long life,high capital cost and low operating costs are associated with which mode of transportation?

• A)pipeline
• B)canal
• C)barges
• D)water

Understand the concept of monopoly power and its implications for market outcomes and social welfare.

Analyze the impact of pollution on economic decisions and the effectiveness of pollution fees and permits in achieving social optimality.

Understand the economics of public goods and services, including waste management and recycling programs.

Apply economic principles to environmental issues, such as national park visitation and pollution permit trading.

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Definitions:

Depreciation Expense

An accounting method used to allocate the cost of a tangible or physical asset over its useful life.

Operating Activities

The primary revenue-generating activities of a business, including the production, sales, and delivery of the company's products and services.

Investing Activities

Part of a company's cash flow statement that shows the cash spent on investments in capital assets and any cash received from the sale of those assets.

Equipment Account

A ledger account that tracks the purchase price, depreciation, and disposal of tangible assets such as machinery and equipment used in business operations.