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:

Lascaux Caves

Prehistoric cave systems in France, famous for their Paleolithic cave paintings of large animals, which are among the finest examples of art from the Upper Paleolithic period.

Twisted Perspective

An artistic technique where a figure is depicted in a profile view while some parts of the same figure are shown in frontal view.

Descriptive Convention

Established methods and rules in art or literature that guide the representation or description of subjects, often based on cultural or historical practices.

Optical Convention

Established methods and practices in art and design that simulate how the human eye perceives the world.