When Valuing Assets,the Travel-Cost Method (TCM)uses the Costs Incurred by Individuals

question 5

Multiple Choice

When valuing assets,the travel-cost method (TCM) uses the costs incurred by individuals travelling to a particular location plus:

• A) the opportunity cost of leisure alternatives forgone.
• B) opportunity costs of wages forgone.
• C) average costs of all trips made by the traveller.
• D) none of the given answers.