Considering Weight,the Most Expensive Cargo Transporting Mode Is

question 220

Multiple Choice

Considering weight,the most expensive cargo transporting mode is

• A)pipelines.
• B)railroads.
• C)truck.
• D)inland waterways.
• E)airfreight.

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Definitions:

Marginal Rate

The additional cost or benefit associated with producing or consuming one additional unit of a good or service.

Transformation

The process of changing or converting one form or state of something into another, often seen in manufacturing and industry.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing to consume or produce one good or service over another.

Ppf

The Production Possibility Frontier, a curve depicting the maximum output possibilities for two goods, given available resources and technology.