A region is considering two sites on which to locate a new, Business Economics

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A region is considering two sites on which to locate a new

A region is considering two sites on which to locate a new wastewater treatment plant. Site A has been owned by the region for five years and the region intially paid $200,000 for the land. The current market value of the site is $400,000. Site B is land the region would have to purchase for $300,000. What is the social opportunity cost of each site? Based on this, which site should they choose?

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Business Economics: A region is considering two sites on which to locate a new

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