All of the following cash flows can be identified as benefits, except: (a) Longer tire life because of smooth pavement (b) $200,000 annual income to local businesses because of tourism created by water reservoir (c) Expenditure of $20 million for construction of a highway (d) Fewer highway accidents because of improved lighting
All of the following cash flows can be identified as benefits, except: (a) Longer tire life because of smooth pavement (b) $200,000 annual income to local businesses because of tourism created by water reservoir (c) Expenditure of $20 million for construction of a highway (d) Fewer highway accidents because of improved lighting
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
All of the following cash flows can be identified as
benefits, except:
(a) Longer tire life because of smooth pavement
(b) $200,000 annual income to local businesses
because of tourism created by water reservoir
(c) Expenditure of $20 million for construction
of a highway
(d) Fewer highway accidents because of improved
lighting
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