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                                                         Principles of Macroeconomics Which of the following decisions would entail the greater opportunity cost: allocating a square block in the heart of New York City for a surface parking lot or allocating a square block at the edge of a typical suburb for such a lot? Explain.   Per McConnell, Brue, and Flynn’s Macroeconomics, allocating a square block in the heart of New York City for a surface parking lot would entail greater revenue thus making the greater opportunity cost the allocation of a square block at the edge of a typical suburb (McConnell et al., 2019). As explained earlier in the chapter, the economic perspective outlines scarcity and choice which are the factors that enables the assessment of marginal benefits in comparison to marginal costs. Since we are in concurrence that land is a scarcity and coupled with the implication that New York City exudes a higher need and a higher turnover rate for parking lot spac