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How does opportunity cost specifically apply to the following situations: a. A piece of land that is to be devoted to a national park. b. An abandoned railroad that is given to a community for constructing a bike path c. The costs of diverting water from a river to irrigate nearby farmland d. The costs of clear-cutting timberland. e. A piece of land that is to be converted from farmland to a Scheel’s sporting goods super store.
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