Which would entail greater opportunity cost allocating a square block in the heart of NYC for a parking lot or at the edge of a typical surburb for such a lot?

Allocating a square block in the heart of NYC for a parking lot entails a greater opportunity cost than doing so at the edge of a typical suburb. In NYC, the land is extremely valuable, and the potential for higher uses, such as commercial or residential development, is significant. Conversely, land in suburban areas typically has lower value and fewer high-return opportunities, making the opportunity cost of using it for a parking lot comparatively less impactful. Thus, the urban location presents a greater trade-off.