The U.S.Government bought 112,000 acres of land in southeastern Colorado in 1968 for $17,500,000.The cost of using this land today exclusively for the reintroduction of the black-tailed prairie dog
A) is zero,because they already own the land.
B) is zero,because the land represents a sunk cost.
C) is equal to the market value of the land.
D) is equal to the total dollar value the land would yield if used for farming and ranching.
E) depends on the value to society of black-tailed prairie dogs.
Correct Answer:
Verified
Q34: In the long-run,which of the following outcomes
Q35: Dr.Octavio is an Ophthalmologist who performs both
Q36: Which of the following will NOT cause
Q37: Bertha's Bait Shop sells cartons of worms
Q38: Suppose a new manufacturing technology results in
Q40: The data below are for a
Q41: A number of the costs of a
Q42: If production exceeds the level at which
Q43: Mr.D's Barbeque of Pickwick,TN.produces 10,000 dry-rubbed rib
Q44: A brewery is considering two potential production
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents