Question

Mr. Stevens owns a building in downtown Bentonville. He has considered opening a sporting goods store in the building but has also been approached by several business onwers who are interested in leasing the space. He decides to rent to someone who would like to use the space to open a gym. Mr. Stevens opportunity cost when he decides NOT to open his sporting goods store, is which of the following?
a. the opportunity to rent it to another tenant


b. the property tax he would pay on the building


c. the opportunity he has to run his own business


d. the profits he would make from his sporting goods store

Answer 1

B! i hope that helps!!