Opportunity cost refers to the alternative forgone.
When a product becomes less differentiated from other products, its demand curve becomes<span> flatter
The Demand curve of the company is much more influenced by prices rather than types of products. Creating new recipes for the pizza will only give the customers an additional option for substitute product, doesn't necessarily make them to buy more products.</span>
Answer:
$62,800
Explanation:
Following Garfield Corp's policy, the number of pet beds that must be purchased, assuming no initial inventory, is given by the expected number of sales in March (1,300 units) added to 30% of the expected sales in April (30% of 900 units):

Since the company purchases each pet bed for $40, total budgeted purchases are:

Garfield Corp's total budgeted purchases for March are $62,800.