Please Help! Another economics Question?

Question

1. Suppose a company uses wood pulp (ground, chemically processed wood) instead of recycled materials to make paper. What is the opportunity cost of the company's choice?

2. Suppose a company uses recycled materials instead of using wood pulp to make paper. What is the opportunity cost of the company's choice ( Hint: Resources are used when sorting, transporting, and processing old paper.)

3. From the information given, can you know which method of making paper would use fewer scarce resources? Explain.

Answer 1

You want answers quicker? Put them in "economics" under "social science".

1) recycled paper

2) Resources would be used to collect and dump the paper products anyway. The net cost in these resources would be about nil.

3) Recycled paper must use a percentage of pulp, anyway. Wood pulp is a renewable resource, too. However, recycled paper, on the whole is far better on the environment than new paper. One problem is the demand for white paper. This requires bleaching which causes polution. This is a cost that exists more with recycled paper.