Question 2:  You now have a benefit per $100,000 resource for each facility. Make a ratio of the two benefits to find the opportunity cost. Given that the facility we want to build is the trauma center (the trauma center is our "gain"), the lives saved per $100K by the trauma center will go in the denominator.

 

Your opportunity cost ratio will have this meaning: For every 1 life that we save with the trauma center, we sacrifice the opportunity to save x lives with a UCC. 

 

What is the opportunity cost of building the trauma center? (Calculate to third decimal place.)

Answer rating: 100% (QA)

To calculate the opportunity cost of building the trauma center we need to compare ... View the full answer