If Ripco Owns the Building Where It Operates, Then If

question 33

Multiple Choice

If Ripco owns the building where it operates, then if

• A)the firm pays no rent, there is no opportunity cost
• B)the firm does not rent the building to anyone else, there is no opportunity cost
• C)the firm pays no rent, there is an opportunity cost
• D)its usage of the building precludes it from renting to anyone else, there is an opportunity cost
• E)the firm could use the building for other things, there is no opportunity cost

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Definitions:

Delhi Sultanate

A historical period of Muslim rule in the Indian subcontinent from the 13th to the 16th centuries.

Qutb al-Din Aybak

The founder of the Mamluk dynasty in India and the first Sultan of the Delhi Sultanate starting in 1206.

Muhammad of Ghor

A ruler from Ghor, Afghanistan, who played a significant role in the establishment of Muslim rule in India in the 12th century.

Emerald Buddha

A revered jade statue of the sitting Buddha, considered the palladium of Thailand, housed in Bangkok's Wat Phra Kaew.