You Own a Building That Has Four Possible Uses: a Tailor

question 137

Multiple Choice

You own a building that has four possible uses: a tailor shop, a pharmacy, a sports bar, and an antique mall. The building's value in each use is $4,000; $6,000; $8,000; and $10,000, respectively. You decide to open a sports bar. The opportunity cost of using this building for a sports bar is

• A) $4,000, the value if the building is used as a tailor shop.
• B) $6,000, the value if the building is used as a pharmacy.
• C) $20,000, the sum of the values if the building is used for a tailor shop, a pharmacy, or an antique mall.
• D) $10,000, the value if you rented the building to someone else to use as an antique mall.

---

Definitions:

Color Deficient

A condition where an individual has difficulty distinguishing between certain colors, commonly referred to as color blindness.

Gender Difference

Refers to the distinctions in behavior, biology, and societal roles attributed to males and females based on their perceived sex.

Loneliness

A difficult and typically negative feeling resulting from being isolated or without company.

Shyness

A feeling of apprehension, lack of comfort, or awkwardness especially when a person is around other people, often stemming from fear of being negatively judged or evaluated.