Asked by toya
Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development? What kinds of costs are involved in making a decision to shut down?
Answers
Answered by
economyst
Take a shot. What do you think.
Hint: think opportunity cost. What is the opportunity cost of holding the land and running a model on it?
Hint: think opportunity cost. What is the opportunity cost of holding the land and running a model on it?
Answered by
Jan
The land might be worth more than running the business
Answered by
Donnie
The land might be worth more than running the business.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.