Wynter Turner and her husband live in rural Nebraska, where Wynter has a well-paying job with the city's only major employer. Wynter and her husband purchased their home three years ago for $225,000. Because she is an avid gardener, Wynter spends much of her free time on landscaping and gardening projects around the house. Wynter estimates the cost of the improvements to her home at $40,000, which includes the imputed value of her time and the out-of-pocket cost of the trees, shrubs, flowers, and hardscape materials. The yard now looks fabulous and has been featured in the local newspaper.
Unfortunately, Wynter's employer recently decided to close the plant where she works. Wynter has been offered a comparable job in the firm's Ohio plant. Wynter has accepted the offer and put her beloved home up for sale. At Wynter's insistence, the home was listed for $275,000, even though the local real estate market has taken a big hit because of the plant closing. While numerous prospective buyers loved Wynter's yard and home, no offers were forthcoming. After a month, the realtor did manage to procure an offer but only for $200,000. The realtor also indicates that this is a "take it or leave it" offer, because the buyer is considering other properties.

Required:
a. What is the opportunity cost of accepting the $200,000 offer? (Note: There is not enough information to arrive at an exact number-simply discuss the factors that Wynter should consider.)
b. How would Wynter's options expand if the $200,000 offer were not a take it or leave it offer?