Which definition best describes real world interpretation of "the opportunity cost of homeownership". The money you could earn with the free time you would have if you didn't own a house ○ The time you gave up to search for a house The money you could make if you had invested the equity you have in your house The goods you could have purchased with the interest you paid on your mortgage

Which definition best describes real world interpretation of "the opportunity cost of homeownership". The money you could earn with the free time you would have if you didn't own a house ○ The time you gave up to search for a house The money you could make if you had invested the equity you have in your house The goods you could have purchased with the interest you paid on your mortgage

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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