use the concept of opportunity cost to explain why there are more parks in suburban areas than in city centers.

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02-09-2022
Business

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use the concept of opportunity cost to explain why there are more parks in suburban areas than in city centers.

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Baraka1 Baraka1 · Answer 1 · 2022-09-12T01:49:20-04:00

The opportunity costs of parks in suburban areas are higher than the opportunity cost of parks in city centers.

In suburban areas, the opportunity cost of park areas is lower than in city areas. The cost per square foot of land is more expensive in city areas than in suburban areas. By developing parkland, you forego the opportunity to earn significantly more money in urban areas than in the suburbs.

The opportunity cost of developing a park in suburban areas decreases rather than in city areas since, in urban areas, the space parks take up could be used for shops, housing, and businesses, among others. On the other hand, spaces in suburban areas can be used to develop anything.

To learn more on opportunity cost :brainly.com/question/1549591

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