Answer to Question #89639 in Microeconomics for Lisa Tani

Question #89639
Which of the following should entail the greater opportunity cost: allocating a square block in the heart of NYC for a surface parking lot or allocating a square block at the edge of a typical suburb for such a lot? Explain
1
Expert's answer
2019-05-15T09:59:13-0400

Allocating a square block in the heart of NYC for a surface parking entails the greater opportunity cost, because a lot of buildings with offices can be leased at a high price here


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