The amount of money that could have been made by renting a piece of land to be used for building an office building instead of using the land for employee parking is a(n):

Question

Quizplus · Accepted Answer

The opportunity cost of using the land for employee parking instead of renting it out for an office building is an implicit cost because it represents the potential revenue that could have been earned.

The Amount of Money That Could Have Been Made by Renting