Suppose a city block was going to be used for a parking lot in both New York City and a small town. The opportunity cost would be multiple choice 2 lower in New York City because the alternative uses of the city block are more varied. lower in a small city because the alternative uses of the city block are more varied. greater in New York City because the alternative uses of the city block are more valuable. greater in a small city because the alternative uses of the city block are more valuable.

Question

steelryan9318 steelryan9318

02-02-2021
Business

contestada

Suppose a city block was going to be used for a parking lot in both New York City and a small town. The opportunity cost would be multiple choice 2 lower in New York City because the alternative uses of the city block are more varied. lower in a small city because the alternative uses of the city block are more varied. greater in New York City because the alternative uses of the city block are more valuable. greater in a small city because the alternative uses of the city block are more valuable.

Respuesta :

Otras preguntas

What devices are desiged to protect a child from injuries or accidents?

How many gallons equal to 8 quarts

working on the cook line can be busy . it is best to

The length of a spring varies directly with the mass of an object that is attached to it. When a 30-gram object is attached, the spring stretches 9 centimeters.

Hello guys my name is Gary and I'm from Florida

A sudden change in the DNA of a chromosome can usally be passed on to future generations if the change occurs in a -

Gregor Mendel crossbred pea plants for a variety of traits. What did he learn about dominant and recessive traits?

y varies jointly as x and z. y = 56 x=4 and z =7. Find y when x=8 and z=5

?Te cepillaste los dientes después de comer? ?se maquilla julia antes de salir a bailar? ?se duchan ustedes antes de nadar en la piscina? ?se ponen sombreros lo

In the picture above what do the hair like structures called cilia allowed the paramecium to do?

Tundexi Tundexi · Answer 1 · 2021-02-03T02:21:19+01:00

Answer:

c. The opportunity cost would be greater in New York City because the alternative uses of the block are more valuable.

Explanation:

Value of piece of land would be much higher in New York City in comparison to a small town.

This means that if a piece of land is used for parking lot in the New York City then the alternative use of such land would be more valuable in comparison to the utilization of similar piece of land in a small town.

Higher the value of alternative uses, higher would be the opportunity cost. So, the opportunity cost would be greater in New York City because the alternative uses of the block are more valuable.