Four Guys Company has in its inventory 5,200 paired at a cost of $48,000 and sold...

Question

Question

Four Guys Company has in its inventory 5,200 paired at a cost of $48,000 and sold for $78,000. What is the opportunity cost o

Answer 1

Answer #1

Solution:

Opportunity costs are costs that are given up or not selected. Its asking for the opportunity cost for televisions being repaired.

= $78,000-48,000 = $30,000 of Opportunity costs lost

Hence option A is correct.

Answer 2

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