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Author Question: You own a building that has four possible uses: a cafe, a craft store, a hardware store, and a ... (Read 75 times)

james0929

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You own a building that has four possible uses: a cafe, a craft store, a hardware 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 a hardware store. The opportunity cost of using this building for a hardware store is


◦ $2,000, the value if the building is used as a cafe.
◦ $3,000, the value if the building is used as a craft store.
◦ $10,000, the sum of the values if the building is used for a cafe, a craft store, or a bookstore.
◦ $5,000, the value if you rented the building to someone else to use as a bookstore.


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Marked as best answer by james0929 on Apr 19, 2019

Jody Vaughn

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