Question: Walmart Co. has in-store space that it continuously utilizes to make and sell carmeled popcorn. The only other possible use of that space would be

Walmart Co. has in-store space that it continuously utilizes to make and sell carmeled popcorn. The only other possible use of that space would be to rent it to a discount optometrist, $1.99 Optical. From Walmart Co.s perspective, the foregone rent revenue represents

a. a sunk cost for Walmart Co.

b. an opportunity cost for Walmart Co.

c. a differential cost for Walmart Co.

d. a discretionary cost for Walmart Co.

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