You Own a Building That Has Four Possible Uses: an Internet

question 17

Multiple Choice

You own a building that has four possible uses: an Internet cafe,a coffee store,an ice cream store,and a bookstore.The value of the building in each use is $2,000; $3,000; $4,000; and $5,000,respectively.You decide to open an ice cream store.The opportunity cost of using this building for an ice cream store is

• A) $2,000, the value if the building is used as an Internet cafe.
• B) $3,000, the value if the building is used as a coffee store.
• C) $3,333, the average of the values if the building is used for either an Internet cafe, a coffee store, or a bookstore.
• D) $5,000, the value if the building is used for a bookstore.

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Definitions:

Friendship Patterns

The recurring dynamics, interactions, and behaviors observed within friendships, often influenced by cultural, societal, and personal factors.

Mere Exposure Effect

The tendency for individuals to develop a preference for things simply because they are familiar with them.

Propinquity Effect

The tendency for people to form friendships or relationships with those whom they encounter often, based on physical or geographical closeness.

Social Allergy Effect

A situation where repeated small annoyances or behaviors in a relationship lead to a significant negative reaction over time.