The us government bought 112000 acres of land in south, Ask an Expert

Economics

The U.S. government bought 112,000 acres of land in south eastern Colorado in 1968 for $17,500,000. The cost of using this land today exclusively for the reintroduction of the black-tailed prairie dog

a. Is zero, because they already own the land.

b. Is zero, because the land represents a sunk cost.

c. Is equal to the market value of the land.

d. Is equal to the total dollar value the land would yield if used for farming and ranching.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91274972

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