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thanhha78 thanhha78
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Steven lives in a big city where there is a shortage of parking. He has a parking spot in his driveway where he parks his car. Which of the following statements is most correct?
A) The opportunity cost of using the parking spot is the price he could charge someone else for using the spot.
B) Steven has a lower opportunity cost of owning a car than his neighbor, who must rent a parking spot.
C) The opportunity cost of using the spot is zero, because Steven owns the house.
D) The opportunity cost depends on how much Steven's mortgage payment is.
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Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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thanhha78 Author
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6 years ago
Can't thank you enough for this, appreciate it!
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