The state legislature has to decide whether to fund a proposal to repair roads or a proposal that would increase funding for new school construction. Describe the benefits and opportunity cost of the decision

"The expense of a neglected option is known as opportunity cost. If we choose one option over another, the expense of that choice is called an opportunity cost. The gains you lose by selecting one option over another are known as opportunity costs."

Opportunity costs include the genuine costs of attaining one decision over another, such as the waste of effort, strength, and a decided enjoyment.

So, the decision's benefits and opportunity cost are to fix roads or support schools.

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The benefits and opportunity cost of the decision are explained below in details.

Explanation:

Every moment you make a decision, you are considering the opportunity cost of that activity. Opportunity costs increase beyond just the monetary expenses of a choice, but it involves all real cost of obtaining one decision over another, including the waste of time, strength, and a determined pleasure/utility.

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