An Old Pine Tree in the Front Yard Is Beginning

question 1

Multiple Choice

An old pine tree in the front yard is beginning to die as the neighborhood deciduous trees have grown.Why might this be?

• A)Deciduous trees have depleted the soil of nutrients.
• B)The pine tree is shade intolerant.
• C)The pine tree has depleted the soil of nutrients.
• D)Deciduous trees are shade intolerant.

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Definitions:

Opportunity Cost

The charge of rejecting the following prime opportunity in the process of decision-making.

Sunk Costs

Sunk costs are expenditures that have already been incurred and cannot be recovered, and should not affect future investment decisions or operations.

Opportunity Costs

The forfeit of discarding the next top choice during the decision-making procedure.

Scarce Resources

Resources that are limited in availability and cannot satisfy all the various uses for them, leading to competition and the need for allocation.