what economic principle does this best illustrate
a) marginal analysis
b) scarce resources
c) opportunity cost
and why?
2007-10-05 06:50:21 · 4 answers · asked by Anonymous in Social Science ➔ Economics
b. This is a simple supply and demand issue. There are fewer corner offices than 'non-corner' offices (a scarce resource) and corner offices are more desirable because of more windows/views. Therefore, the demand is greater and the supply is less than for 'regular' offices. Consequently, the cost will be greater.
2007-10-05 11:47:28 · answer #1 · answered by Doctor J 7 · 0⤊ 0⤋
2
2016-07-19 08:43:51 · answer #2 · answered by Lauren 3 · 0⤊ 0⤋
b) there is less corner office area in a building and people are willing to pay more for a view.
2007-10-05 11:48:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Rent-To-Own Homes : http://RentToOwnHome.uzaev.com/?wOYs
2016-07-12 06:00:14 · answer #4 · answered by Violet 3 · 0⤊ 0⤋