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DedPeter [7]
3 years ago
8

The opportunity cost of a choice is the _____ of the opportunities lost.a. Valueb. Interest

Business
1 answer:
salantis [7]3 years ago
5 0

Answer:

a. Value.

Explanation:

The opportunity cost of a choice is the value of the opportunities lost.

In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Hence, the opportunity cost of a choice  is the benefits that could be derived in from another choice using the same amount of resources.

<em>For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.</em>

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Answer:

RE break point = $24500

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What does the $24,500 mean?

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4 0
3 years ago
"Maple Corp. had net sales of​ $217,550 for the year ended December​ 31, 2017. Its beginning and ending total assets were​ $94,2
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Thus, from the above explanation we can conclude that statement A is correct.

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