You are running a non-location bound business in downtown Birmingham. This means that you can move your business anywhere you like. You own the current building in downtown. Therefore, there is no mortgage payment, you don't pay ren etc for your building. Knowing that rents are pretty high in the downtown area, does it make sense for you to run your busi in downtown? Which of the below concepts would help you to make the wisest decision? O decreasing cost, increasing cost, unit cost average total cost, constant cost O Opportunity cost, economic cost, accounting cost, implicit cost explicit cost variable cost, fixed cost, average variable cost

You are running a non-location bound business in downtown Birmingham. This means that you can move your business anywhere you like. You own the current building in downtown. Therefore, there is no mortgage payment, you don't pay ren etc for your building. Knowing that rents are pretty high in the downtown area, does it make sense for you to run your busi in downtown? Which of the below concepts would help you to make the wisest decision? O decreasing cost, increasing cost, unit cost average total cost, constant cost O Opportunity cost, economic cost, accounting cost, implicit cost explicit cost variable cost, fixed cost, average variable cost

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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