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sinerus sinerus
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6 years ago
Suppose that you own a house. What is the opportunity cost of living in the house?
A) There is no opportunity cost unless you could set up a business in the house.
B) The opportunity cost is the cost of your monthly mortgage payment plus bills.
C) The opportunity cost is the rent you could have received from a tenant if you didn't live there.
D) There is no opportunity cost because you own the house.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Lightman030Lightman030
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sinerus Author
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6 years ago
Smart ... Thanks!
sadiewolf
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Yesterday
Thanks
Alina01978
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2 hours ago
Thanks for your help!!
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