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Posted by on Wednesday, January 12, 2011 at 7:10pm.

why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development?

  • microeconomics - , Wednesday, January 12, 2011 at 7:19pm

    The owner might sell the land for a huge profit -- and then build another motel in another location.

  • microeconomics - , Thursday, September 6, 2012 at 10:23am

    1. Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development?

    1a. What kinds of costs are involved in making a decision to shut down?

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