2. Now, research home ownership choices in the city. Select a price range. Which did you select, and why? Examine a list of available property and choose a home in your price range. What is the price of the home you chose? Did you choose a city location, or the suburbs? Why? SUBJECT: US Economics

New Orleans.

Explanation:

I chose New Orleans city for living because of its beautiful location. It is located on the Mississippi River, near the Gulf of Mexico. The range of ownership houses started from 1,57,500 dollars to 4,200,000 dollars. I chose 157,500 dollars house because I have limited money so this house is economical for me. This house is located in the city and the purpose of choosing it for its good location and suitable price.

the correct answer is ) possibility.

demonstrating opportunity cost is done through production possibility.

the opportunity cost can be demonstrated using the production possibility frontier or curve. this graphic shows the total number of possibilities for two products when we have the resources needed and used in an efficient manner. the main resources could be money, labor, and technology. the curve shows that the production of one good increases when the production of the othe

by using  production possibilities graph.  opportunity costs are key expenses in financial matters and are utilized as a part of registering money saving advantage investigation of a venture. such expenses, be that as it may, are not recorded in the record books but rather are perceived in basic leadership by processing the money costs and their subsequent benefit or misfortune.