Private owners can gain by employing their resources in ways that are beneficial to others, and they bear the opportunity cost of ignoring the wishes of others. a. Relators often advise homeowners to use neutral colors for a house because they will improve the resale value of a home. b. As an owner you can do whatever you want, but you will bear the costsof ignoring wishes of others who want to buy it from you, and the valueof the property depends on the value that others place on it. c. Private ownership can give the incentive to the owner, to fulfill the wishes of others, and get the investment back, like a restaurant or school

Question

Social Studies

Destinee Fletcher

7 December, 16:52

Private owners can gain by employing their resources in ways that are beneficial to others, and they bear the opportunity cost of ignoring the wishes of others. a. Relators often advise homeowners to use neutral colors for a house because they will improve the resale value of a home. b. As an owner you can do whatever you want, but you will bear the costsof ignoring wishes of others who want to buy it from you, and the valueof the property depends on the value that others place on it. c. Private ownership can give the incentive to the owner, to fulfill the wishes of others, and get the investment back, like a restaurant or school

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Tyshawn Vincent · Answer 1

c. Private ownership can give the incentive to the owner, to fulfill the wishes of others, and get the investment back, like a restaurant or school

Explanation:

Fulfilling the wishes of others tend to make it easier for the owners to resale the property (since that property will look a lot closer to the buyers' liking). Fast re-sale of the property will also make it faster for the owner to get the investment back.

Sometimes, reselling the property is not the only method to recoup the investment. Transforming the property into other revenue generating establishment such as restaurant, car-wash, school, boutique, etc could also be an effective method to recoup the investment.