The Opportunity Cost of Building an Additional Car Park at Your

Multiple Choice

The opportunity cost of building an additional car park at your university is:

A) The cost of the labour, concrete, etc. used to build the car park.
B) The value of the land used in its next best alternative use, and the cost of the labour, concrete, etc. used to build the car park.
C) The value of the land and resources used in all of their alternative uses.
D) Infinite; we cannot estimate it.