Question

House A has an ocean view and House B does not. In all other respects, the two houses are the same. The market price of house A is $2,800,000; the market price of house B is $2,600,000. The ocean view is therefore valued at a. $1,950,000. b. $2,700,000. c. $200,000. d. -$700,000.

Answer 1

$200,000

Step-by-step explanation:

The value of the ocean is the price difference between the two houses

$2,800,000 - $2,600,000 = $200,000

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