Suppose a homeless shelter received a donation and allowed volunteers to vote on how the funds were to be spent. Three options were provided, with the donation only covering the cost of one project. The projects included expanding into a larger building, purchases of blankets and other necessities, and purchasing a vehicle for transport. The majority of volunteers voted for expanding into a larger building with purchasing blankets and other necessities coming in second. 

Since only one project could be funded, what is the opportunity cost of the decision to expanding into a larger building?

Answer rating: 100% (QA)

The opportunity cost of a decision is the value of ... View the full answer