Question

A manufacturing plant owner is concerned about climate change. For cleaner emissions, he chooses expensive wind energy for power instead of cheaper coal. As a result, the company pays higher energy bills to keep making the same products.
What is the opportunity cost resulting from this company’s choice?

A) The company gives up the money that would be saved by using coal.
B) The company gives up the chance to reduce production to save money.
C) An entire new plant is built using money that could have been saved by using coal.
D) The company loses the ability to build new coal-powered machinery.

Answer 1

Answer:

a. the company gives up the money that would be saved using coal.

Answer 2

Answer:

A!

Explanation: