Quote:
Originally Posted by kermitology
I'm really surprised that people aren't asking more about this. I've posted in here how I came to the same number (roughly) using documents on Bob's website. I even posted a picture from the documents.
There are three strategies, and the current one is going to cost $345M. So it's not $500M to build the tunnel + infrastructure, but it's $345M even if we don't build the tunnel. WTF?!?!
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It's a common mistake. Hawkesworth keeps talking about accounting cost ($500M), but it's economic/marginal cost ($150M) that's relevant for decision making. Of course, making this mistake shows that Hawkesworth either doesn't understand or is willfully ignoring basic economics, i.e. something you'd learn in the first month of ECON 101, if you hadn't already figured it out by common sense.