Suppose That You Own a House

question 93

Multiple Choice

Suppose that you own a house. What is the opportunity cost of living in the house?

• A) There is no opportunity cost because you own the house.
• B) There is no opportunity cost unless you could set up a business in the house.
• C) The opportunity cost is the rent you could have received from a tenant if you didn't live there.
• D) The opportunity cost is the cost of your monthly mortgage payment plus bills.