Answer to Question #66163 in Microeconomics for usman
Question #66163
Which of the following decisions has the greater opportunity cost? Why?
a. A decision to use an undeveloped lot in Tokyo's financial district for an apartment building.
b. A decision to use a square mile in the desert for a gas station.
what is the answer kindly tell me
a. A decision to use an undeveloped lot in Tokyo's financial district for an apartment building.
b. A decision to use a square mile in the desert for a gas station.
what is the answer kindly tell me
Expert's answer
a) Apartment in Tokyo will have the highest opportunity cost, because Tokyo has the highest land prices.
b) Has a very low opportunity cost, because the land is a desert has very low value.
b) Has a very low opportunity cost, because the land is a desert has very low value.
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Hi Expert, so I wasn't able to try the new version because they closed of the submission portal. Oh well,
but I want to give you my sincerest thank you for helping me throughout this assignment! Honestly, you are an absolute legend! Your line by line explanation was superb and honestly helped me understand most of the concept I learnt during my semester better than my own lecturer! Thank you for consistently helping and being persistent with the versions!
You've honestly been the greatest help and I would have been so lost if it wasn't without your expertise!
So thank you once again!
#207331 on Jun 2018
#207331 on Jun 2018 
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