the town of jensen valley is deciding what to do with an empty lot it owns. there are no parks in this…

the town of jensen valley is deciding what to do with an empty lot it owns. there are no parks in this community, so some residents want to build a small park for the local children. others want to build an arts center that will provide classes and activities for residents. as a final step, the jensen valley officials need to look at the opportunity costs of their decision beyond the money that will be spent. which statement best represents a possible opportunity cost of the officials decision? if the art center is chosen, children in the community will not have a public outdoor play area. if the art center is chosen, many people may come to the community to see the art exhibits. if the small park is chosen, the jensen valley officials can refer to its success in their reelection campaigns. if the small park is chosen, jensen valley will need to hire custodians to keep the park clean.

the town of jensen valley is deciding what to do with an empty lot it owns. there are no parks in this community, so some residents want to build a small park for the local children. others want to build an arts center that will provide classes and activities for residents. as a final step, the jensen valley officials need to look at the opportunity costs of their decision beyond the money that will be spent. which statement best represents a possible opportunity cost of the officials decision? if the art center is chosen, children in the community will not have a public outdoor play area. if the art center is chosen, many people may come to the community to see the art exhibits. if the small park is chosen, the jensen valley officials can refer to its success in their reelection campaigns. if the small park is chosen, jensen valley will need to hire custodians to keep the park clean.

Answer

Brief Explanations:

Opportunity cost is the value of the next - best alternative forgone. In this case, when choosing to build an art center, the alternative of a public outdoor play area for children is given up. The other options do not represent the value of the forgone alternative.

Answer:

If the art center is chosen, children in the community will not have a public outdoor play area.