Author Question: If you own a building and you decide to use that building to open a book store (Read 272 times)

charchew · **on:** Apr 19, 2019

Question 1

If your tuition is $25,000 this semester, your books cost $1,500, you can only work 20 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $7,500 this semester (same as if not attending college), then your opportunity cost of attending college this semester is

◦ $26,500.
◦ $26,800.
◦ $31,000.
◦ $38,500.

Question 2

If you own a building and you decide to use that building to open a book store

◦ there is no opportunity cost of using this building for a book store because you own it.
◦ there is an opportunity cost of using this building for a book store because it could have been used in other ways.
◦ the opportunity costs equal the cost of inventory.
◦ the only cost relevant to this decision is the price you paid for the building.

missalyssa26 · **Reply #1 on:** Apr 19, 2019

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 56% of students answer this correctly