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Chapter 2

Q. 2.4

An importer rents a building for storage. The rental cost is $2,000 per month. Presently, the importer occupies only half of the building space. She could sublet the remaining space for $600 per month. She is considering a new line of products to import that would use the remaining space. What is the opportunity cost of using the building to add the new line of products?

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Verified Solution

The opportunity cost is the forgone opportunity to sublet the remaining space, or $600 per month.