The Creation of a Reservoir Because of A_______________ Causes Silt

question 68

Short Answer

The creation of a reservoir because of a_______________ causes silt and sand to accumulate and it interrupts the supply of sediment to the coast, which causes expensive sand replenishment projects.

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Definitions:

Implicit Cost

The opportunity cost equal to what a firm must give up in order to use resources it already owns, without having to pay rent or purchase them.

Capital

Economic resource that is used in the production of goods and services. It includes tools, buildings, machinery, and equipment.

Either-Or Decision

A decision-making process that involves choosing between two mutually exclusive options or paths.

Implicit Cost

The opportunity cost equal to what a firm must give up in order to use resources it already owns, not directly involving monetary payment.