What Is The Opportunity Cost Of Living In The House

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3 What is the opportunity cost of living in a house that ...

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What is the opportunity cost of living in a house that you already own? (a) Zero, because you already own it. (b) The rent you would have to pay if you rented the best alternative house to live in. (c) The amount depends on the current mortgage rate, whatever it is. (d) The rent you could receive if you rented the house out to someone else.

Econ 201 Chapter 2 Flashcards Quizlet

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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.

Economics 201 Chapter 2 Flashcards Quizlet

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the cost of bait, any other monetary expenses, and the value of the best alternative use of the individuals time suppose you own a house. what is the opportunity cost of living in the house: the rent you could have received from a tenant if you didn't live there

What is the opportunity cost of living in the house A ...

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The opportunity cost of the fourth new highway built in a year is: A) less than the opportunity cost of the third new highway. B) the same as the opportunity cost of the third new highway. C) greater than the opportunity cost of the third new highway. D) the sum of the opportunity costs of the first three highways b Chapter 3 #1, page 1 1) The ...

Solved: Suppose That You Own A House. What Is The Opportun ...

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What is the opportunity cost of living in the house? O There is no opportunity cost because you own the house. O There is no opportunity cost unless you could set up a business in the house. The opportunity cost is the rent you could have received from a tenant if you didn't live there. The opportunity cost is the eost of your monthly mortgage ...

The Cost of Living in a Paid-Off House - FiveCentNickel

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Jun 29, 2011 · @Debbie M – Your example didn’t include the opportunity cost for your money tied in the house nor the risk and potential return of that money tied in the house. If you were in a rental, you would have more money invested, perhaps in mutual funds that invest in stocks and bonds. Now that money is invested in a piece of real estate.