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.

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Definitions:

Multi-way If-else

A control flow statement that allows for multiple paths of execution based on the evaluation of several conditions.

Algorithm

A finite sequence of well-defined instructions, typically to solve a class of problems or perform a computation.

Boolean Equation

A Boolean equation is an algebraic expression that represents logical operations, composed of Boolean variables and logical operators, yielding true or false outcomes.

Boolean Expressions

Logical statements that can only result in true or false, used in decision-making in programming.