If Ripco owns the building where it operates, then if
A)the firm pays no rent, there is no opportunity cost
B)the firm does not rent the building to anyone else, there is no opportunity cost
C)the firm pays no rent, there is an opportunity cost
D)its usage of the building precludes it from renting to anyone else, there is an opportunity cost
E)the firm could use the building for other things, there is no opportunity cost

Question

Quizplus · Accepted Answer

The opportunity cost of using the building is the rent that could be earned by renting it to someone else.

If Ripco Owns the Building Where It Operates, Then If