Suppose a city block was going to be used for a parking lot in both new york city and a small town. the opportunity cost would be

The opportunity cost would be greater in New York City because the alternative uses of the block are more valuable. Opportunity cost is the value of sacrifice that you need to make when choosing a decision. The land price in new yorks is far more expensive compared to any other small towns because of the amount of population that walk passed to the streets and the amount of economic power that they have