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Economics

You own a building that has possible uses: an Iternet cage, a coffee shop, an ice cream store, and a bookstore. The value of the building in each use is $2,000; $3,000; $4,000; and $5,000, respectively. You decide to open an ice cream store. The opportunity cost of using this building for an ice cream store is ___________.

a. $2,000, the value if the building is used as an Internet cafe

b. $3,000, the value if the building is used as a coffee shop

c. $3,333, the average of the values if the building is used for either an Iternet cafe, a coffee shop, or a bookstore

d. $5,000, the value if the building is used for a bookstore

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91960102

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