If Mr. White decides to open his sporting goods store, what is the opportunity cost of this decision? O A. The property tax he would pay on the building O B. The profits he would make from his sporting goods store O C. The opportunity to rent it to another tenant O D. The opportunity he has to run his own business
If Mr. White decides to open his sporting goods store, what is the opportunity cost of this decision? O A. The property tax he would pay on the building O B. The profits he would make from his sporting goods store O C. The opportunity to rent it to another tenant O D. The opportunity he has to run his own business
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter10: Monopolistic Competition And Oligopoly
Section: Chapter Questions
Problem 16CTQ: Would you rather have efficiency or variety? That is, one opportunity cost of the variety of...
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![If Mr. White decides to open his sporting goods store, what is the opportunity cost
of this decision?
Mr. White owns a building in downtown Lawrenceville. He has considered opening a
sporting goods store in the building but has also been approached by someone who would
like to rent the space to open a gym.
O A. The property tax he would pay on the building
B. The profits he would make from his sporting goods store
C The opportunity to rent it to another tenant
D. The opportunity he has to run his own business](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4ea574d2-e334-4cd5-8187-b443861a6e9f%2F4924fcf3-4632-464c-a7b0-aa6dc2e8c731%2Fu5c9a9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If Mr. White decides to open his sporting goods store, what is the opportunity cost
of this decision?
Mr. White owns a building in downtown Lawrenceville. He has considered opening a
sporting goods store in the building but has also been approached by someone who would
like to rent the space to open a gym.
O A. The property tax he would pay on the building
B. The profits he would make from his sporting goods store
C The opportunity to rent it to another tenant
D. The opportunity he has to run his own business
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