Mr. stevens owns a building in downtown bentonville. he has considered opening a sporting goods store in the building but has also been approached by someone who would like to rent the space to open a gym. if mr. stevens decides to open his sporting goods store, what is the opportunity cost of this decision?
If Mr Stevens decides to open the sporting goods store his opportunity cost is the rent income from the agreement with the person who would like to open a gym. He looses out on a steady rental income.
