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When the Citizens of Hamilton County, Ohio, Decided to Raise

Question 3

Multiple Choice

When the citizens of Hamilton County, Ohio, decided to raise their taxes to fund two new sports stadiums rather than to raise taxes for something like improving the educational system in the county, they missed a chance to improve the educational system. What is this known as?


A) A marginal cost
B) A fixed cost
C) A variable cost
D) An opportunity cost
E) None of the above

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