For instance, the city council is considering constructing a 20-mile long bike trail through their city. In your post, discuss some of the things they need to consider. What would the tangible costs be (cost of concrete cost of the land, labor cost, and cost of renting the machinery)? What would be the intangible benefits (the benefits that don't have an exact dollar price attached to them and how would you measure these benefits - the benefits could be, for example, cleaner air for the urban area, a more healthy population, etc.) and what would be the intangible costs be (i.e., what does the city forgo, such as giving up area for another strip mall, or more businesses, etc.,)

How would you measure these costs?

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When considering the construction of a 20mile long bike trail through a city there are several factors to consider including tangible costs intangible benefits and intangible costs Lets explore each o... View the full answer