House A has an ocean view and House B does not. In all other respects,the two houses are the same. The market price of house A is $2,300,000; the market price of house B is $1,600,000. The ocean view is valued at
A) $700,000.
B) $1,950,000.
C) -$700,000.
D) $600,000.

Question

Quizplus · Accepted Answer

The difference in market price between the two houses is the value of the ocean view. Therefore, $2,300,000 - $1,600,000 = $700,000.

House a Has an Ocean View and House B Does