1、Carter Co paid 1,000,000forlandthreeyearsag⊙Carterestimatesti˖tcod⎯⎯selltheland→dayfor1,200,000. If the land is not sold, Carter plans to develop the land at an initial cost of 1,500,000.Carterestimatesthe≠toperat∈gcash∈flowdur∈gthefirstyearfollow∈gdevelo±entwod⎯⎯be500,000. What is Carter’s opportunity cost of the development?

A、$1,500,000 

B、$1,200,000 

C、$1,000,000 

D、$500,000 

【正确答案】 B

【答案解析】

 The opportunity cost is the lost disposal proceeds ($1,200,000) if Carter develops the land instead of selling it.

What is Carter’s opportunity cost of the development?

机会成本(opportunity cost) 是指企业为从事某项经营活动而放弃另一项经营活动的机会，或利用一定资源获得某种收入时所放弃的另一种收入。

题目信息表明，这块土地如果现在卖掉，可以获得1200,000美元。如果开发这块土地，初始成本是1500,000

如果决定开发土地，那么也就是放弃了把土地卖掉的做法，所以机会成本是1200,000