You own a nice landed house near Xiamen University Malaysia campus. In Jan 2021, you decide to lease (rent) it to your best friend as she is taking an MBA course in XMUM. O a. Thus, there is no opportunity cost of leasing involve for the landed house because you will definitely collect a rent from your best friend. O b. Thus, the only cost that relevant to this decision is the amount or price that you paid for the landed house. O c. Thus, there is no opportunity cost involve in leasing the landed house because you own it. O d. Thus, there will be an opportunity cost of leasing the landed house because you could have chosen to live stay in it.
You own a nice landed house near Xiamen University Malaysia campus. In Jan 2021, you decide to lease (rent) it to your best friend as she is taking an MBA course in XMUM. O a. Thus, there is no opportunity cost of leasing involve for the landed house because you will definitely collect a rent from your best friend. O b. Thus, the only cost that relevant to this decision is the amount or price that you paid for the landed house. O c. Thus, there is no opportunity cost involve in leasing the landed house because you own it. O d. Thus, there will be an opportunity cost of leasing the landed house because you could have chosen to live stay in it.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![You own a nice landed house near Xiamen University Malaysia campus. In Jan 2021, you decide to lease (rent) it
to your best friend as she is taking an MBA course in XMUM.
O a. Thus, there is no opportunity cost of leasing involve for the landed house because you will definitely
collect a rent from your best friend.
O b. Thus, the only cost that relevant to this decision is the amount or price that you paid for the landed
house.
O c. Thus, there is no opportunity cost involve in leasing the landed house because you own it.
O d. Thus, there will be an opportunity cost of leasing the landed house because you could have chosen to
live stay in it.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F151a4749-18a2-47b0-95db-518cdf3bf529%2F613ccf23-948d-4c91-81f2-88eef7e977df%2Fysycck5_processed.png&w=3840&q=75)
Transcribed Image Text:You own a nice landed house near Xiamen University Malaysia campus. In Jan 2021, you decide to lease (rent) it
to your best friend as she is taking an MBA course in XMUM.
O a. Thus, there is no opportunity cost of leasing involve for the landed house because you will definitely
collect a rent from your best friend.
O b. Thus, the only cost that relevant to this decision is the amount or price that you paid for the landed
house.
O c. Thus, there is no opportunity cost involve in leasing the landed house because you own it.
O d. Thus, there will be an opportunity cost of leasing the landed house because you could have chosen to
live stay in it.
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