Opportunity Cost

2010 Car Inventory - An Opportunity Cost of Cash For Clunkers?

By Katie George

Cash for Clunkers, the extremely popular rebate program signed into action by President Obama on June 24, 2009, ended earlier than expected on August 24, 2009 at 8p.m. This was also referred to as CARS - Car Allowance Rebate System. The plan behind this program was to improve both our economy and environment. It was intended to persuade owners of clunkers to trade them in for a $3,500-4,500 rebate towards a new, more fuel efficient vehicle. The clunkers were divided into categories based on their weight and MPG. The hope was the economy would benefit from the purchases and jobs kept, as would the environment with vehicles that had better fuel economy on the road.
http://ezinearticles.com/?2010-Car-Inventory---An-Opportunity-Cost-of-Cash-For-Clunkers?&id=3540347
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This article is all about the opportunity cost of trading in your car for money in return. To trade in the car you could get anywhere up to $3,500-$4,500. The opportunity cost for trading in your car would be instant money, money for a new car, and extra money to have. -MC #30