Question: You own a building that has four possible uses: a cafe, a craft store, a grocery store, and a tools store. The building's value in
You own a building that has four possible uses: a cafe, a craft store, a grocery store, and a tools store. The building's value in each use is $;$; $; and $ respectively. You decide to open a grocery store. The opportunity cost of using this building for a grocery store is:
Select one:
a $ the value if the building is used as a cafe.
b $ the value if the building is used as a craft store.
c $ the difference in value if the building were used as a tools store and its actual use.
d $ the sum of the values if the building is used for a cafe, a craft store, or a tools store.
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