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You own a building that has four possible uses: a cafe, a craft store, a hardware store, and a bookstore. The value of the building
You own a building that has four possible uses: a cafe, a craft store, a hardware store, and a bookstore. The value of the building in each use is $;$;$; and $ respectively. You decide to open a hardware store. The opportunity cost of using this building for a hardware store is
a $ the value if the building is used as a cafe.
b $ the value if the building is used as a craft store.
c $ the sum of the values if the building is used for a cafe, a craft store, or a bookstore.
d $ the value if you rented the building to someone else to use as a bookstore
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