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Scenario 14-2 As part of an estate settlement, Mary received Si million. She decided to use the money to purchase a small bus
Table 14-7 The widget industry has three types of firms. The cost structure for each type is as follows: Total Cost Output Ty
The Wheeler Wheat Farm sells wheat to a grain broker in Regina, Saskatchewan. Since the market for wheat is generally conside
Managers of a firm think at the margin and make incremental adjustments to the level of production. For the managers to be sa
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Answer #1

Answer 14 2

Total income lost because of pursuing business =75000+80000=155000

Hence opportunity cost is $155000

hence last option is correct

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