The Opportunity Cost of a New National Park Is the

question 89

Multiple Choice

The opportunity cost of a new national park is the

• A) cost of hiring staff and park rangers to provide services for visitors.
• B) cost of constructing park buildings.
• C) alternative uses for the land.
• D) increased pollution to the wildlife habitat at the park.
• E) cost of constructing highways to access the park.

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Definitions:

Contribution Margin

A department’s net profit, used to cover indirect expenses.

Gross Profit

The difference between sales revenue and the cost of goods sold (COGS), indicating the basic profitability of a company's core activities.

Indirect Expenses

Expenses that are not directly tied to a specific product or service but are necessary for the overall operation of a business.

Direct Expense

A cost that can be directly attributed to the production or sale of specific goods or services in a business.