Asked by Hannah Crenshaw on May 27, 2024
Verified
In central Florida,the demand for real estate has been increasing rapidly for years.Therefore,the _____ cost of capital is _____ in central Florida's orange groves.
A) explicit;decreasing
B) implicit;increasing
C) implicit;decreasing
D) explicit;increasing
Implicit Cost
The opportunity costs of using resources that a company already owns to produce goods or services, not involving direct payment.
Central Florida
A region in the U.S. state of Florida, typically considered to include the central part of the state, known for its tourism industry and attractions such as theme parks.
Real Estate
Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.
- Recognize the significance of capital in the context of opportunity costs.
Verified Answer
Learning Objectives
- Recognize the significance of capital in the context of opportunity costs.
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