A Region Is Considering Two Sites on Which to Locate

question 16

Essay

A region is considering two sites on which to locate a new wastewater treatment plant.
Site A has been owned by the region for five years and the region initially paid $200,000 for the land.The current market value of the site is $400,000.Site B is land the region would have to purchase for $300,000.What is the social opportunity cost of each site? Based on this,which site should they choose?

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Definitions:

REM Sleep

REM sleep, or Rapid Eye Movement sleep, is a phase of sleep characterized by fast and random movement of the eyes, vivid dreams, and increased brain activity.

REM Sleep

A unique phase of sleep in mammals and birds, characterized by rapid eye movement, low muscle tone, and vivid dreams.

Delta Waves

Slow brain waves associated with deep sleep and unconsciousness.

Dreaming

A series of thoughts, images, and sensations occurring in a person's mind during sleep.