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Sublight2097 Sublight2097
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9 years ago
A property tax payment made by the owner of an apartment building is a
A) cost irrelevant to rent-setting decisions because it is not affected by supply and demand.
B) marginal cost of continuing to own the building.
C) marginal cost of supplying rental space.
D) marginal overhead cost and will therefore affect rental rates.
E) sunk cost and therefore cannot affect rents even in the long run.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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9 years ago
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Sublight2097 Author
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#2
9 years ago
Seriously, you've been tremendously helpful! Thank you.
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9 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
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