The Opportunity Cost of Building Additional Parking at Your University

question 34

Multiple Choice

The opportunity cost of building additional parking at your university is

• A)the cost of the labour, concrete, etc.used to build the parking.
• B)the value of the land used in its next best alternative use, and the cost of the labour, concrete, etc.used to build the parking.
• C)the value of the land and resources used in all of their alternative uses.
• D)infinite; we cannot estimate it.

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Definitions:

Truffles

A type of highly valued fungi that grows underground near the roots of certain trees and is considered a delicacy in cooking.

Ascomycota

A phylum of fungi characterized by the formation of spores in a specialized sac-like structure known as an ascus.

Morels

A type of edible wild mushroom known for its honeycomb appearance, found in wooded areas in the spring.

Chytridiomycota

A phylum of fungi known for their motile spores, implicated in global amphibian declines due to a disease they cause.