Question: EOC 1 . 0 4 The U . S . government is evaluating a project to build a new lighthouse in South Carolina. The cost

EOC 1.04
The U.S. government is evaluating a project to build a new lighthouse in South Carolina. The cost will be $5 million. The estimated value of all the benefits (including nonmonetary benefits) of the lighthouse is $8 million. Describe how you would use the concept of opportunity cost to determine whether the lighthouse should be built?
EOC 1.04 The U.S. government is evaluating a project to build

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