Which one of the following is an example of an opportunity cost? a. Revenue lost from sale
Question:
a. Revenue lost from sale of cakes by deciding to sell only cookies
b. Wages paid to construction workers
c. Materials used to assemble computers
d. Ordering costs related to a customer’s special order of guitar strings
e. Rent paid for the use of a factory building
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The correct answer is A a TRUE The revenue lost from the sale of cakes is an ...View the full answer
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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