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23 Nov 2019
The First Church has been asked to operate a homeless shelter inpart of the church. To operate a homeless shelter the church wouldhave to hire a full time employee for $1,200/month to manage theshelter. In addition, the church would have to purchase $400 ofsupplies/month for the people using the shelter. The space thatwould be used by the shelter is rented for wedding parties. Thechurch averages about 5 wedding parties a month that pay rent of$200 per party. Utilities are normally $1,000 per month. With thehomeless shelter, the utilities will increase to $1,300 permonth.
What is the opportunity cost tothe church of operating a homeless shelter in thechurch?
The First Church has been asked to operate a homeless shelter inpart of the church. To operate a homeless shelter the church wouldhave to hire a full time employee for $1,200/month to manage theshelter. In addition, the church would have to purchase $400 ofsupplies/month for the people using the shelter. The space thatwould be used by the shelter is rented for wedding parties. Thechurch averages about 5 wedding parties a month that pay rent of$200 per party. Utilities are normally $1,000 per month. With thehomeless shelter, the utilities will increase to $1,300 permonth.
What is the opportunity cost tothe church of operating a homeless shelter in thechurch?
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19 Aug 2019
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