The Nifty Gum Co has purchased a large parcel of land for $1 million. The company recently discovered that the land is contaminated and is worthless to all possible buyers. The opportunity cost of the land is
A) $0.
B) $1 million.
C) some amount greater than $0 but less than $1 million.
D) equal to the cost of the factory that was planned to be built there.
A
Economics
You might also like to view...
The more leveraged an investment, the ________ the potential gain and the ________ the potential loss from that investment
A) greater; greater B) greater; smaller C) smaller; smaller D) smaller; greater
Economics
If you grant that the long-term benefits of Head Start are in doubt and focus, instead, on the short-term benefits, you find that
A. children in Head Start are more likely to need special education classes. B. children in Head Start are less likely to repeat first or second grade. C. Head Start has no effect there either. D. Head Start children do much worse in Kindergarten.
Economics