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
1
Expert's answer
2017-03-13T11:38:06-0400
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.

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